Dec, 31, 2023 — PENN EAST FEDERAL CREDIT UNION is a federal credit union headquartered in SCRANTON, PA with 5 branch locations and about $255.96 million in total assets. Opened 86 years ago in 1938, PENN EAST FEDERAL CREDIT UNION has about 23,192 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PENN EAST FEDERAL CREDIT UNION |
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Address: (Main Office) | 441 N 7th Ave SCRANTON, PA 18503 |
Phone: | (570) 342-2720 |
Fax: | (570) 342-4669 |
Website: | https://www.penneastfcu.org |
Branches: | 5 branch locations |
Members: | 23,192 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2742 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $255,960,450 |
CEO/Manager: | Marie C Beggin |
Chairperson: | Lisa Lesneski |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,960,257 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 65,759,774 |
Unsecured Loans | 6,948,748 |
Other Loans | 64,147,378 |
TOTAL LOANS | 136,855,900 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -854,081 |
Land And Building | 7,964,887 |
Other Fixed Assets | 1,623,665 |
NCUSIF Deposit | 2,351,789 |
All Other Assets | 0 |
TOTAL ASSETS | 255,960,450 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,002,696 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 55,141,769 |
Regular shares | 120,026,089 |
All Other Shares & Deposits | 66,472,156 |
TOTAL SHARES & DEPOSITS | 241,640,014 |
TOTAL LIABILITIES | 242,642,710 |
Regular Reserve | 0 |
Other Reserves | -9,967,559 |
Undivided Earnings | 23,285,299 |
TOTAL EQUITY | 13,317,740 |
TOTAL LIABILITIES, SHARES, & EQUITY | 255,960,450 |
INCOME & EXPENSE | |
Loan Income | 6,655,535 |
Investment Income | 2,112,166 |
Other Income | 1,344,731 |
Total Employee Compensation & Benefits | 4,447,832 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,543,237 |
Non-operating Income & (Expense) | 1,157,699 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 324,389 |
Cost of Funds | 1,041,032 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,680,175 |
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» See also Statement of Financial Condition