Dec, 31, 2023 — ARC FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 2 branch locations and about $135.27 million in total assets. Opened 68 years ago in 1956, ARC FEDERAL CREDIT UNION has about 14,320 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1919 7th Ave ALTOONA, PA 16602-2237 |
| Phone: | (814) 946-0857 |
| Fax: | (814) 946-0903 |
| Website: | https://www.arcfcu.org |
| Branches: | 2 branch locations |
| Members: | 14,320 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11304 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $135,265,467 |
| CEO/Manager: | Stephen R Dalecki |
| Chairperson: | Richard T Haines |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,760,080 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,091,473 |
| Unsecured Loans | 11,746,065 |
| Other Loans | 25,250,929 |
| TOTAL LOANS | 76,184,172 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -604,873 |
| Land And Building | 1,783,296 |
| Other Fixed Assets | 266,192 |
| NCUSIF Deposit | 1,188,051 |
| All Other Assets | 0 |
| TOTAL ASSETS | 135,265,467 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,031 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 598,332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,916,882 |
| Regular shares | 56,768,518 |
| All Other Shares & Deposits | 29,756,739 |
| TOTAL SHARES & DEPOSITS | 120,442,139 |
| TOTAL LIABILITIES | 121,065,502 |
| Regular Reserve | 0 |
| Other Reserves | 194,901 |
| Undivided Earnings | 14,005,064 |
| TOTAL EQUITY | 14,199,965 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,265,467 |
| INCOME & EXPENSE | |
| Loan Income | 3,961,533 |
| Investment Income | 1,344,435 |
| Other Income | 790,303 |
| Total Employee Compensation & Benefits | 2,409,383 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,929,751 |
| Non-operating Income & (Expense) | 2,409 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,801 |
| Cost of Funds | 445,654 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,193,772 |
| ↑ Back to Top | |