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FORGE FEDERAL CREDIT UNION

Sep, 30, 2021 — FORGE FEDERAL CREDIT UNION is a federal credit union headquartered in UPPER DARBY, PA with 1 branch location and about $41.43 million in total assets. Opened 67 years ago in 1954, FORGE FEDERAL CREDIT UNION has about 3,300 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231385785
Name:FORGE FEDERAL CREDIT UNION
Address:
(Main Office)
1402 BYWOOD AVE
UPPER DARBY, PA 19082
Phone:(610) 352-2000
Fax:(610) 352-3321
Website:http://www.forgecu.org
Branches:1 branch locations
Members:3,300
Credit Union Type:Federal Credit Union
Charter Number:9622
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1954
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$41,426,120
CEO/Manager:Rachael M Mattioni
Chairperson:James E McGarrity

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,485,532
TOTAL INVESTMENTS 18,260,843
Loans Held for Sale 0
 
 Real Estate Loans 7,659,194
 Unsecured Loans 6,389,453
 Other Loans 5,145,739
 TOTAL LOANS 19,194,386
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -536,170
 Land And Building 110,806
 Other Fixed Assets 21,185
 NCUSIF Deposit 299,132
 All Other Assets 590,406
  TOTAL ASSETS 41,426,120
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 102,504
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,579,001
 Regular shares 8,760,781
 All Other Shares & Deposits 21,337,134
  TOTAL SHARES & DEPOSITS 32,676,916
  TOTAL LIABILITIES 32,779,420
 Regular Reserve 377,939
 Other Reserves -116,158
 Undivided Earnings 8,384,919
  TOTAL EQUITY 8,646,700
  TOTAL LIABILITIES, SHARES, & EQUITY 41,426,120
INCOME & EXPENSE  
 Loan Income 1,217,535
 Investment Income 175,134
 Other Income 94,243
 Total Employee Compensation & Benefits 414,269
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 551,693
 Non-operating Income & (Expense) 429,603
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 154,747
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 909,464
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