Dec, 31, 2023 — CORNER POST FEDERAL CREDIT UNION is a federal credit union headquartered in WILKES BARRE, PA with 1 branch location and about $96.71 million in total assets. Opened 88 years ago in 1936, CORNER POST FEDERAL CREDIT UNION has about 5,531 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORNER POST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 566 S Main St WILKES BARRE, PA 18701-2102 |
| Phone: | (570) 823-6151 |
| Fax: | (570) 824-2276 |
| Website: | https://www.cornerpostfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,531 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1172 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $96,705,647 |
| CEO/Manager: | Carole R Fischer |
| Chairperson: | Bill Kunec |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,686,379 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,473,058 |
| Unsecured Loans | 5,817,673 |
| Other Loans | 12,139,918 |
| TOTAL LOANS | 25,430,649 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -217,189 |
| Land And Building | 1,867,474 |
| Other Fixed Assets | 13,171 |
| NCUSIF Deposit | 873,826 |
| All Other Assets | 0 |
| TOTAL ASSETS | 96,705,647 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,568 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,835,346 |
| Regular shares | 56,367,761 |
| All Other Shares & Deposits | 10,660,885 |
| TOTAL SHARES & DEPOSITS | 83,863,993 |
| TOTAL LIABILITIES | 83,980,971 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,724,676 |
| TOTAL EQUITY | 12,724,676 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,705,647 |
| INCOME & EXPENSE | |
| Loan Income | 1,107,950 |
| Investment Income | 1,230,153 |
| Other Income | 242,238 |
| Total Employee Compensation & Benefits | 803,432 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,012,515 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,221 |
| Cost of Funds | 122,211 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 967,824 |
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