Dec, 31, 2023 — FREEDOM UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, PA with 3 branch locations and about $84.76 million in total assets. Opened 85 years ago in 1939, FREEDOM UNITED FEDERAL CREDIT UNION has about 6,971 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FREEDOM UNITED FEDERAL CREDIT UNION |
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Address: (Main Office) | 283 Adams St ROCHESTER, PA 15074-2143 |
Phone: | (724) 774-5575 |
Fax: | (724) 774-6750 |
Website: | https://freedomunitedfcu.com |
Branches: | 3 branch locations |
Members: | 6,971 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3487 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $84,760,373 |
CEO/Manager: | JEFFREY B SMITH |
Chairperson: | ANDREW A DENGEL |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,849,767 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,192,936 |
Unsecured Loans | 2,701,448 |
Other Loans | 12,796,983 |
TOTAL LOANS | 24,691,367 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,167 |
Land And Building | 787,451 |
Other Fixed Assets | 29,538 |
NCUSIF Deposit | 730,077 |
All Other Assets | 30,000 |
TOTAL ASSETS | 84,760,373 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 414 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 119,666 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,375,217 |
Regular shares | 39,754,313 |
All Other Shares & Deposits | 14,960,826 |
TOTAL SHARES & DEPOSITS | 71,090,356 |
TOTAL LIABILITIES | 71,210,436 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 13,549,937 |
TOTAL EQUITY | 13,549,937 |
TOTAL LIABILITIES, SHARES, & EQUITY | 84,760,373 |
INCOME & EXPENSE | |
Loan Income | 1,351,256 |
Investment Income | 939,457 |
Other Income | 103,657 |
Total Employee Compensation & Benefits | 906,803 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,060,846 |
Non-operating Income & (Expense) | 150 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,000 |
Cost of Funds | 115,283 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 802,838 |
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