Dec, 31, 2023 — WEST PENN P&P FEDERAL CREDIT UNION is a federal credit union headquartered in BEAVER, PA with 2 branch locations and about $22.13 million in total assets. Opened 70 years ago in 1954, WEST PENN P&P FEDERAL CREDIT UNION has about 4,705 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEST PENN P&P FEDERAL CREDIT UNION |
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Address: (Main Office) | 1089 3rd St BEAVER, PA 15009-2034 |
Phone: | (724) 774-9237 |
Fax: | (724) 774-7778 |
Website: | https://www.westppfcu.com |
Branches: | 2 branch locations |
Members: | 4,705 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9476 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,125,008 |
CEO/Manager: | HELEN MARINKOVIC |
Chairperson: | LENNIE MILLER |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,410,667 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,326,699 |
Unsecured Loans | 827,923 |
Other Loans | 4,309,643 |
TOTAL LOANS | 6,464,265 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,797 |
Land And Building | 127,244 |
Other Fixed Assets | 8,421 |
NCUSIF Deposit | 214,854 |
All Other Assets | 0 |
TOTAL ASSETS | 22,125,008 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,399 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,777,637 |
Regular shares | 13,804,857 |
All Other Shares & Deposits | 2,932,595 |
TOTAL SHARES & DEPOSITS | 19,515,089 |
TOTAL LIABILITIES | 19,548,488 |
Regular Reserve | 0 |
Other Reserves | 760,533 |
Undivided Earnings | 1,815,987 |
TOTAL EQUITY | 2,576,520 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,125,008 |
INCOME & EXPENSE | |
Loan Income | 313,573 |
Investment Income | 320,973 |
Other Income | 16,246 |
Total Employee Compensation & Benefits | 178,983 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 344,823 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,293 |
Cost of Funds | 31,698 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 96,714 |
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