Dec, 31, 2023 — BEAVER FALLS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WAMPUM, PA with 2 branch locations and about $5.07 million in total assets. Opened 86 years ago in 1938, BEAVER FALLS TEACHERS FEDERAL CREDIT UNION has about 737 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BEAVER FALLS TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1033 Main St WAMPUM, PA 16157 |
Phone: | (724) 740-1444 |
Fax: | (724) 740-1444 |
Website: | https://multischoolsfcu.org |
Branches: | 2 branch locations |
Members: | 737 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2612 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,066,672 |
CEO/Manager: | Kelly J Kelly |
Chairperson: | Maralee K Murray |
ASSETS: | $ Amount |
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Cash & Equivalents | 818,746 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 589,669 |
Other Loans | 2,748,582 |
TOTAL LOANS | 3,338,251 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,761 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 42,093 |
All Other Assets | 0 |
TOTAL ASSETS | 5,066,672 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,247 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 332 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 201,886 |
Regular shares | 2,916,602 |
All Other Shares & Deposits | 1,326,119 |
TOTAL SHARES & DEPOSITS | 4,444,608 |
TOTAL LIABILITIES | 4,467,187 |
Regular Reserve | 0 |
Other Reserves | 158,808 |
Undivided Earnings | 440,677 |
TOTAL EQUITY | 599,485 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,066,672 |
INCOME & EXPENSE | |
Loan Income | 188,093 |
Investment Income | 41,464 |
Other Income | 11,994 |
Total Employee Compensation & Benefits | 95,427 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 99,944 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,094 |
Cost of Funds | 31,855 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -9,279 |
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» See also Statement of Financial Condition