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AMERICAN PRIDE CREDIT UNION

Jun, 30, 2021 — AMERICAN PRIDE CREDIT UNION is a federally insured state chartered credit union headquartered in ALTOONA, PA with 1 branch location and about $22.02 million in total assets. Opened 87 years ago in 1934, AMERICAN PRIDE CREDIT UNION has about 1,999 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:AMERICAN PRIDE CREDIT UNION
Address:
(Main Office)
1431 VALLEY VIEW BLVD
ALTOONA, PA 16602
Phone:(814) 946-3045
Fax:(814) 946-5232
Website:http://www.americanpridecu.org
Branches:1 branch locations
Members:1,999
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60389
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,020,659
CEO/Manager:Ted L Glunt
Chairperson:Nick F Spallone

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,965,056
TOTAL INVESTMENTS 7,671,926
Loans Held for Sale 0
 
 Real Estate Loans 4,039,012
 Unsecured Loans 1,161,474
 Other Loans 1,182,461
 TOTAL LOANS 6,382,947
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,713
 Land And Building 742,839
 Other Fixed Assets 34,165
 NCUSIF Deposit 184,794
 All Other Assets 87,645
  TOTAL ASSETS 22,020,659
LIABILITIES & CAPITAL:  
 Dividends Payable 655
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 131,429
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,666,784
 Regular shares 13,996,060
 All Other Shares & Deposits 1,552,226
  TOTAL SHARES & DEPOSITS 20,215,070
  TOTAL LIABILITIES 20,347,154
 Regular Reserve 283,197
 Other Reserves 0
 Undivided Earnings 1,390,308
  TOTAL EQUITY 1,673,505
  TOTAL LIABILITIES, SHARES, & EQUITY 22,020,659
INCOME & EXPENSE  
 Loan Income 141,580
 Investment Income 48,612
 Other Income 26,559
 Total Employee Compensation & Benefits 98,802
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 154,802
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 4,868
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,488
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