Dec, 31, 2023 — NORWIN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH HUNTINGDON, PA with 3 branch locations and about $33.77 million in total assets. Opened 72 years ago in 1952, NORWIN TEACHERS FEDERAL CREDIT UNION has about 3,060 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORWIN TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 183 Clay Pike NORTH HUNTINGDON, PA 15642 |
| Phone: | (724) 864-7469 |
| Fax: | (724) 864-9230 |
| Website: | https://www.norwinteachersfcu.org |
| Branches: | 3 branch locations |
| Members: | 3,060 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7842 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,774,373 |
| CEO/Manager: | Amy C Lichwa |
| Chairperson: | Timothy J Kotch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 468,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,116,072 |
| Unsecured Loans | 1,575,246 |
| Other Loans | 5,994,525 |
| TOTAL LOANS | 15,685,841 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,274 |
| Land And Building | 625,595 |
| Other Fixed Assets | 56,139 |
| NCUSIF Deposit | 320,610 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,774,373 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,923,931 |
| Regular shares | 21,423,532 |
| All Other Shares & Deposits | 5,729,011 |
| TOTAL SHARES & DEPOSITS | 31,076,474 |
| TOTAL LIABILITIES | 31,118,536 |
| Regular Reserve | 0 |
| Other Reserves | 172,330 |
| Undivided Earnings | 2,483,507 |
| TOTAL EQUITY | 2,655,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,774,373 |
| INCOME & EXPENSE | |
| Loan Income | 718,310 |
| Investment Income | 238,901 |
| Other Income | 32,183 |
| Total Employee Compensation & Benefits | 435,673 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 348,785 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,457 |
| Cost of Funds | 93,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 110,662 |
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» See also Statement of Financial Condition