Sep, 30, 2025 — NET FEDERAL CREDIT UNION is a federal credit union headquartered in SCRANTON, PA with 3 branch locations and about $322.39 million in total assets. Opened 85 years ago in 1941, NET FEDERAL CREDIT UNION has about 19,354 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NET FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 119 Mulberry St SCRANTON, PA 18503 |
| Phone: | (570) 961-5300 |
| Fax: | |
| Website: | https://www.netcreditunion.com |
| Branches: | 3 branch locations |
| Members: | 19,354 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4792 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $322,388,259 |
| CEO/Manager: | Clarence Baltrusaitis |
| Chairperson: | KAREN C CLIFFORD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,957,256 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 86,392,750 |
| Unsecured Loans | 18,245,395 |
| Other Loans | 73,954,398 |
| TOTAL LOANS | 178,592,543 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,431,251 |
| Land And Building | 10,646,240 |
| Other Fixed Assets | 1,600,686 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,607,015 |
| All Other Assets | 0 |
| TOTAL ASSETS | 322,388,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 709,668 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,923,036 |
| Regular shares | 112,036,331 |
| All Other Shares & Deposits | 120,764,363 |
| TOTAL SHARES & DEPOSITS | 293,723,730 |
| TOTAL LIABILITIES | 294,433,398 |
| Regular Reserve | 0 |
| Other Reserves | -7,244,846 |
| Undivided Earnings | 35,199,707 |
| TOTAL EQUITY | 27,954,861 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 322,388,259 |
| INCOME & EXPENSE | |
| Loan Income | 8,833,570 |
| Investment Income | 2,365,861 |
| Other Income | 1,400,456 |
| Total Employee Compensation & Benefits | 3,969,264 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,099,195 |
| Non-operating Income & (Expense) | -5,508 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 497,849 |
| Cost of Funds | 3,784,349 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,074,585 |
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