Sep, 30, 2025 — PAAC TRANSIT DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $28.37 million in total assets. Opened 86 years ago in 1940, PAAC TRANSIT DIVISION FEDERAL CREDIT UNION has about 3,057 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: | PAAC TRANSIT DIVISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 219 Fort Pitt Blvd FL 2 PITTSBURGH, PA 15222 |
| Phone: | (412) 255-1363 |
| Fax: | |
| Website: | https://www.paacfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,057 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3810 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,368,746 |
| CEO/Manager: | Alexander Kasmarik |
| Chairperson: | Lee E Biermeyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 344,886 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,747 |
| Unsecured Loans | 2,921,960 |
| Other Loans | 3,401,175 |
| TOTAL LOANS | 6,341,882 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,704 |
| Land And Building | 0 |
| Other Fixed Assets | 122 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 227,292 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,368,746 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,712 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 314,694 |
| Regular shares | 22,479,444 |
| All Other Shares & Deposits | 329,578 |
| TOTAL SHARES & DEPOSITS | 23,123,715 |
| TOTAL LIABILITIES | 23,153,427 |
| Regular Reserve | 0 |
| Other Reserves | 507,038 |
| Undivided Earnings | 4,708,281 |
| TOTAL EQUITY | 5,215,319 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,368,746 |
| INCOME & EXPENSE | |
| Loan Income | 335,297 |
| Investment Income | 754,712 |
| Other Income | 11,865 |
| Total Employee Compensation & Benefits | 197,309 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 167,270 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,403 |
| Cost of Funds | 302,276 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 406,929 |
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