Dec, 31, 2023 — TRUMARK FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in FORT WASHINGTON, PA with 25 branch locations and about $3.20 billion in total assets. Opened 85 years ago in 1939, TRUMARK FINANCIAL CREDIT UNION has about 142,606 members and employs 424 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUMARK FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 335 Commerce Dr FORT WASHINGTON, PA 19034-2701 |
| Phone: | (215) 953-5393 |
| Fax: | |
| Website: | https://www.trumarkonline.org |
| Branches: | 25 branch locations |
| Members: | 142,606 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66158 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,197,750,926 |
| CEO/Manager: | Kelly M Botti |
| Chairperson: | Leonard V Doughty, III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 182,329,127 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,646,584,321 |
| Unsecured Loans | 164,087,224 |
| Other Loans | 496,423,620 |
| TOTAL LOANS | 2,307,095,166 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,721,976 |
| Land And Building | 18,249,681 |
| Other Fixed Assets | 16,191,693 |
| NCUSIF Deposit | 23,513,312 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,197,750,926 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 363,227,761 |
| Accounts Payable & Other Liabilities | 40,191,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 434,342,114 |
| Regular shares | 671,165,529 |
| All Other Shares & Deposits | 1,449,219,050 |
| TOTAL SHARES & DEPOSITS | 2,554,726,693 |
| TOTAL LIABILITIES | 2,958,146,309 |
| Regular Reserve | 0 |
| Other Reserves | -89,866,816 |
| Undivided Earnings | 329,471,433 |
| TOTAL EQUITY | 239,604,617 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,197,750,926 |
| INCOME & EXPENSE | |
| Loan Income | 115,155,844 |
| Investment Income | 18,635,854 |
| Other Income | 13,964,575 |
| Total Employee Compensation & Benefits | 39,981,515 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,595,474 |
| Non-operating Income & (Expense) | -156,375 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,792,000 |
| Cost of Funds | 49,063,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,596,482 |
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