Dec, 31, 2023 — TIMBERLAND FEDERAL CREDIT UNION is a federal credit union headquartered in DUBOIS, PA with 4 branch locations and about $83.43 million in total assets. Opened 51 years ago in 1973, TIMBERLAND FEDERAL CREDIT UNION has about 9,317 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TIMBERLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 821 Beaver Dr DUBOIS, PA 15801 |
| Phone: | (814) 371-2676 |
| Fax: | (814) 371-0701 |
| Website: | https://www.timberlandfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,317 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21413 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $83,430,194 |
| CEO/Manager: | Joel Slagan |
| Chairperson: | Mark Lambert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,268,289 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,367,486 |
| Unsecured Loans | 6,037,644 |
| Other Loans | 47,225,838 |
| TOTAL LOANS | 64,630,968 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -401,246 |
| Land And Building | 1,182,919 |
| Other Fixed Assets | 437,367 |
| NCUSIF Deposit | 759,795 |
| All Other Assets | 21,150 |
| TOTAL ASSETS | 83,430,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 64,375 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 441,595 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,798,246 |
| Regular shares | 35,030,285 |
| All Other Shares & Deposits | 20,570,562 |
| TOTAL SHARES & DEPOSITS | 74,399,093 |
| TOTAL LIABILITIES | 74,905,063 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,525,131 |
| TOTAL EQUITY | 8,525,131 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,430,194 |
| INCOME & EXPENSE | |
| Loan Income | 2,993,924 |
| Investment Income | 491,237 |
| Other Income | 780,536 |
| Total Employee Compensation & Benefits | 1,664,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,091,954 |
| Non-operating Income & (Expense) | -4,580 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 221,193 |
| Cost of Funds | 606,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 690,995 |
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