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ERIE TIMES FEDERAL CREDIT UNION

Jun, 30, 2021 — ERIE TIMES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $7.17 million in total assets. Opened 86 years ago in 1935, ERIE TIMES FEDERAL CREDIT UNION has about 880 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ERIE TIMES FEDERAL CREDIT UNION
Address:
(Main Office)
335 METZ ST
ERIE, PA 16508-2723
Phone:(814) 459-0853
Fax:(814) 453-3099
Website:http://www.erietimesfcu.com
Branches:1 branch locations
Members:880
Credit Union Type:Federal Credit Union
Charter Number:776
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1935
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,166,450
CEO/Manager:Darlene M Spitzer
Chairperson:Anthony J Sanfilippo

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,316,615
TOTAL INVESTMENTS 3,175,915
Loans Held for Sale 0
 
 Real Estate Loans 575
 Unsecured Loans 305,491
 Other Loans 138,541
 TOTAL LOANS 444,607
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,525
 Land And Building 121,663
 Other Fixed Assets 20,155
 NCUSIF Deposit 53,530
 All Other Assets 48,490
  TOTAL ASSETS 7,166,450
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,113
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,164,292
 Regular shares 4,836,515
 All Other Shares & Deposits 286,858
  TOTAL SHARES & DEPOSITS 6,287,665
  TOTAL LIABILITIES 6,294,778
 Regular Reserve 479,322
 Other Reserves 0
 Undivided Earnings 392,350
  TOTAL EQUITY 871,672
  TOTAL LIABILITIES, SHARES, & EQUITY 7,166,450
INCOME & EXPENSE  
 Loan Income 19,081
 Investment Income 42,064
 Other Income 12,760
 Total Employee Compensation & Benefits 50,474
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 71,403
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,000
 Cost of Funds 1,301
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -62,839
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