Dec, 31, 2023 — 1ST ED CREDIT UNION is a federally insured state chartered credit union headquartered in CHAMBERSBURG, PA with 3 branch locations and about $131.93 million in total assets. Opened 86 years ago in 1938, 1ST ED CREDIT UNION has about 7,676 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | 1ST ED CREDIT UNION |
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Address: (Main Office) | 1156 Kennebec Dr CHAMBERSBURG, PA 17201 |
Phone: | (717) 264-6506 |
Fax: | (717) 264-2441 |
Website: | https://www.1edcu.org |
Branches: | 3 branch locations |
Members: | 7,676 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65412 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $131,934,726 |
CEO/Manager: | Kelly Childress |
Chairperson: | Roy H Johnston |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,196,366 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,804,181 |
Unsecured Loans | 6,381,706 |
Other Loans | 14,110,547 |
TOTAL LOANS | 51,296,434 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -471,407 |
Land And Building | 1,001,575 |
Other Fixed Assets | 562,679 |
NCUSIF Deposit | 1,118,962 |
All Other Assets | 0 |
TOTAL ASSETS | 131,934,726 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,225,768 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,156,612 |
Regular shares | 42,972,489 |
All Other Shares & Deposits | 56,966,873 |
TOTAL SHARES & DEPOSITS | 115,095,974 |
TOTAL LIABILITIES | 116,321,742 |
Regular Reserve | 0 |
Other Reserves | -3,796,624 |
Undivided Earnings | 19,409,608 |
TOTAL EQUITY | 15,612,984 |
TOTAL LIABILITIES, SHARES, & EQUITY | 131,934,726 |
INCOME & EXPENSE | |
Loan Income | 2,520,019 |
Investment Income | 1,422,348 |
Other Income | 233,065 |
Total Employee Compensation & Benefits | 1,503,653 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,735,845 |
Non-operating Income & (Expense) | 385,743 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -36,000 |
Cost of Funds | 917,113 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 440,497 |
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