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AMERICAN PRIDE CREDIT UNION

Jun, 30, 2024 — AMERICAN PRIDE CREDIT UNION is a federally insured state chartered credit union headquartered in ALTOONA, PA with 1 branch location and about $23.39 million in total assets. Opened 91 years ago in 1934, AMERICAN PRIDE CREDIT UNION has about 1,937 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:https://www.americanpridecu.org
Branches:1 branch locations
Members:1,937
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:$23,393,077
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 2,616,727
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,405,159
 Unsecured Loans 1,165,193
 Other Loans 1,307,786
 TOTAL LOANS 6,878,138
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,928
 Land And Building 722,410
 Other Fixed Assets 34,148
 NCUSIF Deposit 205,215
 All Other Assets 0
  TOTAL ASSETS 23,393,077
LIABILITIES & CAPITAL:  
 Dividends Payable 521
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 157,467
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,844,324
 Regular shares 15,769,650
 All Other Shares & Deposits 878,978
  TOTAL SHARES & DEPOSITS 21,492,952
  TOTAL LIABILITIES 21,650,940
 Regular Reserve 0
 Other Reserves 283,197
 Undivided Earnings 1,458,940
  TOTAL EQUITY 1,742,137
  TOTAL LIABILITIES, SHARES, & EQUITY 23,393,077
INCOME & EXPENSE  
 Loan Income 206,317
 Investment Income 98,875
 Other Income 51,913
 Total Employee Compensation & Benefits 148,006
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 242,405
 Non-operating Income & (Expense) 9,575
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 29,490
 Cost of Funds 3,902
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,212
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