FIRST CREDIT UNION OF SCRANTON is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.firstcu.org for more information.
Dec, 31, 2023 — FIRST CREDIT UNION OF SCRANTON is a federally insured state chartered credit union headquartered in SCRANTON, PA with 1 branch location and about $21.48 million in total assets. Opened 90 years ago in 1934, FIRST CREDIT UNION OF SCRANTON has about 1,920 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST CREDIT UNION OF SCRANTON |
|---|---|
| Address: (Main Office) | 605 DAVIS ST SCRANTON, PA 18505-3518 |
| Phone: | (570) 961-8953 |
| Fax: | (570) 961-5010 |
| Website: | https://www.firstcu.org |
| Branches: | 1 branch locations |
| Members: | 1,920 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60641 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,483,352 |
| CEO/Manager: | Jamie Masters |
| Chairperson: | James Snyder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,544,332 |
| TOTAL INVESTMENTS | 12,382,704 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,187,526 |
| Unsecured Loans | 379,696 |
| Other Loans | 1,064,005 |
| TOTAL LOANS | 2,631,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,551 |
| Land And Building | 557,200 |
| Other Fixed Assets | 9,625 |
| NCUSIF Deposit | 166,921 |
| All Other Assets | 226,894 |
| TOTAL ASSETS | 21,483,352 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -633 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,712,300 |
| Regular shares | 14,648,836 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 20,361,136 |
| TOTAL LIABILITIES | 20,360,503 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,122,849 |
| TOTAL EQUITY | 1,122,849 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,483,352 |
| INCOME & EXPENSE | |
| Loan Income | 33,699 |
| Investment Income | 19,085 |
| Other Income | 18,395 |
| Total Employee Compensation & Benefits | 63,116 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 93,445 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -19,000 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -37,437 |
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