Sep, 30, 2025 — NORTH EAST WELCH FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH EAST, PA with 2 branch locations and about $23.62 million in total assets. Opened 73 years ago in 1953, NORTH EAST WELCH FEDERAL CREDIT UNION has about 2,662 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH EAST WELCH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 115 Clay St NORTH EAST, PA 16428-1537 |
| Phone: | (814) 725-8190 |
| Fax: | (814) 725-7301 |
| Website: | https://www.newelchfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,662 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8687 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,616,935 |
| CEO/Manager: | Susan M Maas |
| Chairperson: | Howard Barnes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 845,031 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,011,406 |
| Unsecured Loans | 1,731,132 |
| Other Loans | 7,258,515 |
| TOTAL LOANS | 14,001,053 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,946 |
| Land And Building | 173,318 |
| Other Fixed Assets | 36,700 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 196,208 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,616,935 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 45,207 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 109,078 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,334,441 |
| Regular shares | 12,724,004 |
| All Other Shares & Deposits | 3,348,489 |
| TOTAL SHARES & DEPOSITS | 19,406,934 |
| TOTAL LIABILITIES | 19,561,219 |
| Regular Reserve | 0 |
| Other Reserves | 392,651 |
| Undivided Earnings | 3,663,065 |
| TOTAL EQUITY | 4,055,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,616,935 |
| INCOME & EXPENSE | |
| Loan Income | 738,613 |
| Investment Income | 281,382 |
| Other Income | 68,449 |
| Total Employee Compensation & Benefits | 381,064 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 344,627 |
| Non-operating Income & (Expense) | 3,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,350 |
| Cost of Funds | 141,674 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 361,816 |
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