Dec, 31, 2023 — STANWOOD AREA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW STANTON, PA with 1 branch location and about $18.82 million in total assets. Opened 84 years ago in 1940, STANWOOD AREA FEDERAL CREDIT UNION has about 2,198 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STANWOOD AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 444 Arona Rd NEW STANTON, PA 15672 |
| Phone: | (724) 925-9505 |
| Fax: | (724) 925-6121 |
| Website: | https://www.stanwoodareafcu.org |
| Branches: | 1 branch locations |
| Members: | 2,198 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4088 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,821,402 |
| CEO/Manager: | Charles H Frederickson Jr |
| Chairperson: | John Storey, Sr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 642,820 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,818,479 |
| Unsecured Loans | 1,574,200 |
| Other Loans | 6,913,027 |
| TOTAL LOANS | 10,305,706 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,764 |
| Land And Building | 13,393 |
| Other Fixed Assets | 4,435 |
| NCUSIF Deposit | 167,162 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,821,402 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,234 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,080,929 |
| Regular shares | 9,373,807 |
| All Other Shares & Deposits | 4,597,500 |
| TOTAL SHARES & DEPOSITS | 17,052,235 |
| TOTAL LIABILITIES | 17,064,469 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,756,933 |
| TOTAL EQUITY | 1,756,933 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,821,402 |
| INCOME & EXPENSE | |
| Loan Income | 528,089 |
| Investment Income | 191,844 |
| Other Income | 21,747 |
| Total Employee Compensation & Benefits | 216,072 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 377,071 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,444 |
| Cost of Funds | 144,060 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 60,129 |
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» See also Statement of Financial Condition