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COPPER & GLASS FEDERAL CREDIT UNION

Dec, 31, 2023 — COPPER & GLASS FEDERAL CREDIT UNION is a federal credit union headquartered in GLASSPORT, PA with 1 branch location and about $7.08 million in total assets. Opened 86 years ago in 1938, COPPER & GLASS FEDERAL CREDIT UNION has about 1,357 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:COPPER & GLASS FEDERAL CREDIT UNION
Address:
(Main Office)
531 MONONGAHELA ave
GLASSPORT, PA 15045
Phone:(412) 673-9028
Fax:(412) 673-9038
Website:https://www.copperandglassfcu.com/
Branches:1 branch locations
Members:1,357
Credit Union Type:Federal Credit Union
Charter Number:2796
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1938
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$7,082,140
CEO/Manager:ROSANNA DIMARCO
Chairperson:ROY SAXTON

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 881,132
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 31,499
 Unsecured Loans 1,429,149
 Other Loans 2,529,564
 TOTAL LOANS 3,990,212
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -119,901
 Land And Building 16,100
 Other Fixed Assets 18,445
 NCUSIF Deposit 63,657
 All Other Assets 0
  TOTAL ASSETS 7,082,140
LIABILITIES & CAPITAL:  
 Dividends Payable 1,256
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,783
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,586,337
 Regular shares 3,930,745
 All Other Shares & Deposits 741,426
  TOTAL SHARES & DEPOSITS 6,258,509
  TOTAL LIABILITIES 6,265,548
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 816,592
  TOTAL EQUITY 816,592
  TOTAL LIABILITIES, SHARES, & EQUITY 7,082,140
INCOME & EXPENSE  
 Loan Income 268,727
 Investment Income 96,030
 Other Income 29,200
 Total Employee Compensation & Benefits 168,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 210,002
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 39,166
 Cost of Funds 6,275
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,344
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