Dec, 31, 2023 — SPE FEDERAL CREDIT UNION is a federal credit union headquartered in STATE COLLEGE, PA with 4 branch locations and about $156.25 million in total assets. Opened 46 years ago in 1978, SPE FEDERAL CREDIT UNION has about 11,657 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPE FEDERAL CREDIT UNION |
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Address: (Main Office) | 650 Science Park Rd STATE COLLEGE, PA 16803 |
Phone: | (814) 237-5458 |
Fax: | (814) 231-6607 |
Website: | https://www.arizefcu.org |
Branches: | 4 branch locations |
Members: | 11,657 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24187 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $156,247,065 |
CEO/Manager: | Michael J Meier |
Chairperson: | Richard Harris |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,701,304 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,173,809 |
Unsecured Loans | 13,441,296 |
Other Loans | 29,273,962 |
TOTAL LOANS | 101,889,066 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -619,073 |
Land And Building | 7,103,914 |
Other Fixed Assets | 334,259 |
NCUSIF Deposit | 1,259,028 |
All Other Assets | 2,400 |
TOTAL ASSETS | 156,247,065 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 501 |
Notes & Interest Payable | 2,083,400 |
Accounts Payable & Other Liabilities | 883,442 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
Share Drafts | 39,368,503 |
Regular shares | 58,372,453 |
All Other Shares & Deposits | 45,603,828 |
TOTAL SHARES & DEPOSITS | 143,344,783 |
TOTAL LIABILITIES | 148,312,126 |
Regular Reserve | 0 |
Other Reserves | -1,576,555 |
Undivided Earnings | 9,511,494 |
TOTAL EQUITY | 7,934,939 |
TOTAL LIABILITIES, SHARES, & EQUITY | 156,247,065 |
INCOME & EXPENSE | |
Loan Income | 5,968,983 |
Investment Income | 1,152,041 |
Other Income | 700,547 |
Total Employee Compensation & Benefits | 2,715,572 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,783,483 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 374,479 |
Cost of Funds | 1,590,822 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,283,147 |
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