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ERIE CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2021 — ERIE CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 2 branch locations and about $7.86 million in total assets. Opened 69 years ago in 1953, ERIE CITY EMPLOYEES FEDERAL CREDIT UNION has about 850 members and employs 4 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 CITY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
5 E 34th St
ERIE, PA 16504-1507
Phone:(814) 455-4888
Fax:(814) 455-4937
Website:n/a
Branches:2 branch locations
Members:850
Credit Union Type:Federal Credit Union
Charter Number:8913
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,861,836
CEO/Manager:Rob L Noziglia
Chairperson:Ronald Loader

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 242,093
TOTAL INVESTMENTS 3,846,685
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,153,082
 Other Loans 2,458,904
 TOTAL LOANS 3,611,986
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,560
 Land And Building 123,160
 Other Fixed Assets 11,323
 NCUSIF Deposit 55,499
 All Other Assets 21,650
  TOTAL ASSETS 7,861,836
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 468
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,953,760
 All Other Shares & Deposits 1,289,337
  TOTAL SHARES & DEPOSITS 6,243,097
  TOTAL LIABILITIES 6,243,565
 Regular Reserve 215,000
 Other Reserves 0
 Undivided Earnings 1,403,271
  TOTAL EQUITY 1,618,271
  TOTAL LIABILITIES, SHARES, & EQUITY 7,861,836
INCOME & EXPENSE  
 Loan Income 232,120
 Investment Income 20,436
 Other Income 16
 Total Employee Compensation & Benefits 124,234
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,593
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 17,264
 Cost of Funds 28,160
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,134
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