Dec, 31, 2021 — PAAC TRANSIT DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $31.53 million in total assets. Opened 82 years ago in 1940, PAAC TRANSIT DIVISION FEDERAL CREDIT UNION has about 2,869 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: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,869 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,527,225 |
| CEO/Manager: | Tracy A Slater |
| Chairperson: | Lee E Biermeyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,172,130 |
| TOTAL INVESTMENTS | 23,566,747 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,660 |
| Unsecured Loans | 2,842,201 |
| Other Loans | 2,098,710 |
| TOTAL LOANS | 4,981,571 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,787 |
| Land And Building | 0 |
| Other Fixed Assets | 122 |
| NCUSIF Deposit | 256,047 |
| All Other Assets | 644,395 |
| TOTAL ASSETS | 31,527,225 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 347,678 |
| Regular shares | 26,720,902 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 27,068,580 |
| TOTAL LIABILITIES | 27,093,884 |
| Regular Reserve | 507,038 |
| Other Reserves | 0 |
| Undivided Earnings | 3,926,303 |
| TOTAL EQUITY | 4,433,341 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,527,225 |
| INCOME & EXPENSE | |
| Loan Income | 292,017 |
| Investment Income | 193,111 |
| Other Income | 7,602 |
| Total Employee Compensation & Benefits | 311,151 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 178,360 |
| Non-operating Income & (Expense) | 33,059 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 52,916 |
| Cost of Funds | 137,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -141,746 |
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