Dec, 31, 2023 — SCA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, PA with 1 branch location and about $15.82 million in total assets. Opened 89 years ago in 1935, SCA FEDERAL CREDIT UNION has about 1,746 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2656 ELLWOOD RD UNIT 1 NEW CASTLE, PA 16101 |
| Phone: | (724) 658-2686 |
| Fax: | (724) 658-8155 |
| Website: | https://shenangochinafcu.com |
| Branches: | 1 branch locations |
| Members: | 1,746 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 444 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,822,158 |
| CEO/Manager: | LORI RHOADES |
| Chairperson: | DAVID L MEYER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,212,366 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,002,807 |
| Unsecured Loans | 201,009 |
| Other Loans | 5,936,411 |
| TOTAL LOANS | 8,140,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,480 |
| Land And Building | 0 |
| Other Fixed Assets | 67,233 |
| NCUSIF Deposit | 131,805 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,822,158 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,873 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -33,554 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,326,522 |
| Regular shares | 9,379,371 |
| All Other Shares & Deposits | 2,427,060 |
| TOTAL SHARES & DEPOSITS | 13,132,953 |
| TOTAL LIABILITIES | 13,104,272 |
| Regular Reserve | 0 |
| Other Reserves | -99,384 |
| Undivided Earnings | 2,817,270 |
| TOTAL EQUITY | 2,717,886 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,822,158 |
| INCOME & EXPENSE | |
| Loan Income | 346,051 |
| Investment Income | 303,870 |
| Other Income | 51,264 |
| Total Employee Compensation & Benefits | 209,972 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 268,834 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,715 |
| Cost of Funds | 73,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 177,921 |
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» See also Statement of Financial Condition