Dec, 31, 2023 — LATROBE FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 1 branch location and about $14.03 million in total assets. Opened 74 years ago in 1950, LATROBE FEDERAL CREDIT UNION has about 1,835 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATROBE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1812 Ligonier St LATROBE, PA 15650-2917 |
| Phone: | (724) 537-2734 |
| Fax: | (724) 537-4488 |
| Website: | https://www.latrobefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,835 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6689 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,025,827 |
| CEO/Manager: | Sarah J Johnston |
| Chairperson: | Patricia D Mullen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,693,673 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 282,132 |
| Unsecured Loans | 573,464 |
| Other Loans | 3,095,084 |
| TOTAL LOANS | 3,950,680 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,804 |
| Land And Building | 89,467 |
| Other Fixed Assets | 69 |
| NCUSIF Deposit | 125,244 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,025,827 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,922,855 |
| Regular shares | 9,898,295 |
| All Other Shares & Deposits | 735,150 |
| TOTAL SHARES & DEPOSITS | 12,556,301 |
| TOTAL LIABILITIES | 12,562,658 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,463,169 |
| TOTAL EQUITY | 1,463,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,025,827 |
| INCOME & EXPENSE | |
| Loan Income | 163,005 |
| Investment Income | 355,764 |
| Other Income | 91,112 |
| Total Employee Compensation & Benefits | 232,322 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 206,715 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,200 |
| Cost of Funds | 76,110 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 153,228 |
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» See also Statement of Financial Condition