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PALCO FEDERAL CREDIT UNION (PALCO FCU)

Mar, 31, 2021 — PALCO FEDERAL CREDIT UNION (PALCO FCU) is a federal credit union headquartered in MUNCY, PA with 1 branch location and about $99.31 million in total assets. Opened 83 years ago in 1938, PALCO FEDERAL CREDIT UNION (PALCO FCU) has about 5,967 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231382416
Name:PALCO FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 330
MUNCY, PA 17756
Phone:(570) 546-2333
Fax:(570) 546-6868
Website:https://www.palcofcu.org
Branches:1 branch locations
Members:5,967
Credit Union Type:Federal Credit Union
Charter Number:2959
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1938
Last Audited:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$99,309,039
CEO/Manager:Scott F Naughton
Chairperson:Bruce G Lamotte

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,022,895
TOTAL INVESTMENTS 58,420,395
Loans Held for Sale 0
 
 Real Estate Loans 8,709,817
 Unsecured Loans 5,401,510
 Other Loans 8,912,516
 TOTAL LOANS 23,023,843
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -195,856
 Land And Building 679,433
 Other Fixed Assets 73,319
 NCUSIF Deposit 774,522
 All Other Assets 510,488
  TOTAL ASSETS 99,309,039
LIABILITIES & CAPITAL:  
 Dividends Payable 47,244
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 201,392
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,372,833
 Regular shares 53,709,478
 All Other Shares & Deposits 15,879,908
  TOTAL SHARES & DEPOSITS 88,962,219
  TOTAL LIABILITIES 89,210,855
 Regular Reserve 973,961
 Other Reserves 94,798
 Undivided Earnings 9,029,425
  TOTAL EQUITY 10,098,184
  TOTAL LIABILITIES, SHARES, & EQUITY 99,309,039
INCOME & EXPENSE  
 Loan Income 289,294
 Investment Income 237,788
 Other Income 45,856
 Total Employee Compensation & Benefits 284,705
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 296,967
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 87,814
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,945
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