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AMERICAN PRIDE CREDIT UNION

Mar, 31, 2022 — AMERICAN PRIDE CREDIT UNION is a federally insured state chartered credit union headquartered in ALTOONA, PA with 1 branch location and about $23.12 million in total assets. Opened 88 years ago in 1934, AMERICAN PRIDE CREDIT UNION has about 1,964 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:1,964
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,123,638
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 2,566,646
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,595,947
 Unsecured Loans 1,118,837
 Other Loans 1,301,018
 TOTAL LOANS 7,015,802
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,817
 Land And Building 730,581
 Other Fixed Assets 38,824
 NCUSIF Deposit 184,794
 All Other Assets 0
  TOTAL ASSETS 23,123,638
LIABILITIES & CAPITAL:  
 Dividends Payable 498
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 268,605
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,898,862
 Regular shares 15,165,279
 All Other Shares & Deposits 1,124,198
  TOTAL SHARES & DEPOSITS 21,188,339
  TOTAL LIABILITIES 21,457,442
 Regular Reserve 0
 Other Reserves 283,197
 Undivided Earnings 1,382,999
  TOTAL EQUITY 1,666,196
  TOTAL LIABILITIES, SHARES, & EQUITY 23,123,638
INCOME & EXPENSE  
 Loan Income 68,121
 Investment Income 20,349
 Other Income 17,889
 Total Employee Compensation & Benefits 49,815
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 76,118
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,490
 Cost of Funds 1,349
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,730
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