Dec, 31, 2023 — PENLANCO FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 2 branch locations and about $25.85 million in total assets. Opened 86 years ago in 1938, PENLANCO FEDERAL CREDIT UNION has about 1,642 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENLANCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20E E Roseville Rd LANCASTER, PA 17601-3871 |
| Phone: | (717) 569-9621 |
| Fax: | (717) 569-9665 |
| Website: | https://www.penlancofcu.com |
| Branches: | 2 branch locations |
| Members: | 1,642 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2834 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,851,330 |
| CEO/Manager: | STACEY M REMICK |
| Chairperson: | ANNETTE M CEVIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,312,466 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,166,842 |
| Unsecured Loans | 1,232,756 |
| Other Loans | 6,909,606 |
| TOTAL LOANS | 16,309,204 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,309 |
| Land And Building | 0 |
| Other Fixed Assets | 29,156 |
| NCUSIF Deposit | 221,381 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,851,330 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 136,191 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 430,458 |
| Regular shares | 14,662,596 |
| All Other Shares & Deposits | 7,379,001 |
| TOTAL SHARES & DEPOSITS | 22,472,054 |
| TOTAL LIABILITIES | 22,608,245 |
| Regular Reserve | 0 |
| Other Reserves | 35,642 |
| Undivided Earnings | 3,207,443 |
| TOTAL EQUITY | 3,243,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,851,330 |
| INCOME & EXPENSE | |
| Loan Income | 642,585 |
| Investment Income | 179,937 |
| Other Income | 11,267 |
| Total Employee Compensation & Benefits | 347,476 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 257,727 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,000 |
| Cost of Funds | 245,191 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,358 |
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