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ERIE CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — ERIE CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $7.17 million in total assets. Opened 71 years ago in 1953, ERIE CITY EMPLOYEES FEDERAL CREDIT UNION has about 836 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ERIE CITY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
5 E 34th St
ERIE, PA 16504-1507
Phone:(814) 455-4888
Fax:(814) 455-4937
Website:https://eriecityemployeesfcu.wixsit
Branches:1 branch locations
Members:836
Credit Union Type:Federal Credit Union
Charter Number:8913
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$7,167,086
CEO/Manager:Maria A Servey-Bartell
Chairperson:Ronald Loader

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 510,278
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,535,311
 Other Loans 3,109,046
 TOTAL LOANS 4,644,357
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,536
 Land And Building 111,134
 Other Fixed Assets 2,068
 NCUSIF Deposit 57,830
 All Other Assets 0
  TOTAL ASSETS 7,167,086
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,570
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,013,594
 All Other Shares & Deposits 2,621,305
  TOTAL SHARES & DEPOSITS 5,634,899
  TOTAL LIABILITIES 5,638,469
 Regular Reserve 0
 Other Reserves 215,000
 Undivided Earnings 1,313,617
  TOTAL EQUITY 1,528,617
  TOTAL LIABILITIES, SHARES, & EQUITY 7,167,086
INCOME & EXPENSE  
 Loan Income 256,921
 Investment Income -1,939
 Other Income 1,760
 Total Employee Compensation & Benefits 139,959
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,229
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,350
 Cost of Funds 76,628
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -51,688
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