Dec, 31, 2023 — A.B. FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $8.27 million in total assets. Opened 62 years ago in 1962, A.B. FEDERAL CREDIT UNION has about 733 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: | A.B. FEDERAL CREDIT UNION |
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Address: (Main Office) | 871 30th St ALTOONA, PA 16601 |
Phone: | (814) 944-4025 |
Fax: | (814) 944-6941 |
Website: | https://www.abfederalcu.com |
Branches: | 1 branch locations |
Members: | 733 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14879 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,273,310 |
CEO/Manager: | Tricia A Eicher |
Chairperson: | Mary Lumadue |
ASSETS: | $ Amount |
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Cash & Equivalents | 725,433 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 907,717 |
Unsecured Loans | 1,056,321 |
Other Loans | 2,357,358 |
TOTAL LOANS | 4,321,396 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,867 |
Land And Building | 2,310 |
Other Fixed Assets | 393,578 |
NCUSIF Deposit | 70,835 |
All Other Assets | 0 |
TOTAL ASSETS | 8,273,310 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,011 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,437,847 |
Regular shares | 4,757,944 |
All Other Shares & Deposits | 839,525 |
TOTAL SHARES & DEPOSITS | 7,035,316 |
TOTAL LIABILITIES | 7,041,327 |
Regular Reserve | 0 |
Other Reserves | 70,329 |
Undivided Earnings | 1,161,654 |
TOTAL EQUITY | 1,231,983 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,273,310 |
INCOME & EXPENSE | |
Loan Income | 279,287 |
Investment Income | 86,874 |
Other Income | 133,736 |
Total Employee Compensation & Benefits | 173,010 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 243,510 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,500 |
Cost of Funds | 6,068 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 100,332 |
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