Dec, 31, 2023 — ELLIOTT COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in JEANNETTE, PA with 5 branch locations and about $50.72 million in total assets. Opened 89 years ago in 1935, ELLIOTT COMMUNITY FEDERAL CREDIT UNION has about 7,196 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELLIOTT COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 920 N 4th St JEANNETTE, PA 15644 |
| Phone: | (724) 527-2822 |
| Fax: | (724) 527-2063 |
| Website: | https://elliottfcu.com |
| Branches: | 5 branch locations |
| Members: | 7,196 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 390 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,716,843 |
| CEO/Manager: | James Benson |
| Chairperson: | Dallas Leonard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,487,484 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,998,751 |
| Unsecured Loans | 1,346,940 |
| Other Loans | 17,547,460 |
| TOTAL LOANS | 25,893,151 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,564 |
| Land And Building | 639,719 |
| Other Fixed Assets | 61,304 |
| NCUSIF Deposit | 455,685 |
| All Other Assets | 33,940 |
| TOTAL ASSETS | 50,716,843 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,687 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -163,403 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,010,164 |
| Regular shares | 27,641,798 |
| All Other Shares & Deposits | 8,558,529 |
| TOTAL SHARES & DEPOSITS | 44,210,491 |
| TOTAL LIABILITIES | 44,050,775 |
| Regular Reserve | 0 |
| Other Reserves | 3,609,960 |
| Undivided Earnings | 3,056,108 |
| TOTAL EQUITY | 6,666,068 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,716,843 |
| INCOME & EXPENSE | |
| Loan Income | 1,096,963 |
| Investment Income | 846,316 |
| Other Income | 98,611 |
| Total Employee Compensation & Benefits | 955,589 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 659,054 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,000 |
| Cost of Funds | 26,497 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 441,955 |
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