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U.F.C.W. LOCAL 23 FEDERAL CREDIT UNION

Jun, 30, 2021 — U.F.C.W. LOCAL 23 FEDERAL CREDIT UNION is a federal credit union headquartered in Canonsburg, PA with 1 branch location and about $9.59 million in total assets. Opened 46 years ago in 1975, U.F.C.W. LOCAL 23 FEDERAL CREDIT UNION has about 2,029 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:U.F.C.W. LOCAL 23 FEDERAL CREDIT UNION
Address:
(Main Office)
345 SouthPointe Blvd, Suite 110
Canonsburg, PA 15317
Phone:(724) 514-2200
Fax:(724) 514-2204
Website:http://ufcw23fcu.org
Branches:1 branch locations
Members:2,029
Credit Union Type:Federal Credit Union
Charter Number:21956
Membership Type:Service - Finance, Insurance, Real Estate, Trade
Corporate Credit Union:No
Year Opened:1975
Last Audited:Aug 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,592,037
CEO/Manager:Carrie DeMotte
Chairperson:Leonard J Lutz

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,249,384
TOTAL INVESTMENTS 534,898
Loans Held for Sale 0
 
 Real Estate Loans 1,461,354
 Unsecured Loans 260,926
 Other Loans 1,993,125
 TOTAL LOANS 3,715,405
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,888
 Land And Building 0
 Other Fixed Assets 17,620
 NCUSIF Deposit 75,948
 All Other Assets 20,670
  TOTAL ASSETS 9,592,037
LIABILITIES & CAPITAL:  
 Dividends Payable 467
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,609
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,380,485
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 8,380,485
  TOTAL LIABILITIES 8,397,561
 Regular Reserve 110,024
 Other Reserves 0
 Undivided Earnings 1,084,452
  TOTAL EQUITY 1,194,476
  TOTAL LIABILITIES, SHARES, & EQUITY 9,592,037
INCOME & EXPENSE  
 Loan Income 139,396
 Investment Income 5,671
 Other Income 2,628
 Total Employee Compensation & Benefits 59,194
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 54,463
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 10,777
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,536
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