Dec, 31, 2023 — THE ONE FEDERAL CREDIT UNION is a federal credit union headquartered in MEADVILLE, PA with 5 branch locations and about $110.68 million in total assets. Opened 75 years ago in 1949, THE ONE FEDERAL CREDIT UNION has about 12,040 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 Arch St MEADVILLE, PA 16335 |
| Phone: | (814) 336-2794 |
| Fax: | (814) 724-4034 |
| Website: | https://www.onefcu.com |
| Branches: | 5 branch locations |
| Members: | 12,040 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6187 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,683,901 |
| CEO/Manager: | Heather L Clancy-Young |
| Chairperson: | Daniel V Crandall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,631,460 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,066,773 |
| Unsecured Loans | 12,673,183 |
| Other Loans | 41,794,220 |
| TOTAL LOANS | 81,534,177 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -455,320 |
| Land And Building | 3,200,397 |
| Other Fixed Assets | 277,896 |
| NCUSIF Deposit | 910,278 |
| All Other Assets | 43,858 |
| TOTAL ASSETS | 110,683,901 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 439,650 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,075,157 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,673,069 |
| Regular shares | 35,359,455 |
| All Other Shares & Deposits | 47,591,058 |
| TOTAL SHARES & DEPOSITS | 99,623,582 |
| TOTAL LIABILITIES | 101,138,389 |
| Regular Reserve | 0 |
| Other Reserves | 330,996 |
| Undivided Earnings | 9,214,516 |
| TOTAL EQUITY | 9,545,512 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,683,901 |
| INCOME & EXPENSE | |
| Loan Income | 4,488,867 |
| Investment Income | 702,917 |
| Other Income | 665,183 |
| Total Employee Compensation & Benefits | 2,482,312 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,111,494 |
| Non-operating Income & (Expense) | -10,710 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 174,198 |
| Cost of Funds | 982,259 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 882,502 |
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