Dec, 31, 2023 — FRANKLIN-OIL REGION CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKLIN, PA with 2 branch locations and about $36.72 million in total assets. Opened 50 years ago in 1974, FRANKLIN-OIL REGION CREDIT UNION has about 5,990 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRANKLIN-OIL REGION CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 N 13th ST FRANKLIN, PA 16323-2343 |
| Phone: | (814) 432-4091 |
| Fax: | (814) 437-2720 |
| Website: | https://www.for-cu.com/ |
| Branches: | 2 branch locations |
| Members: | 5,990 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65356 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,722,852 |
| CEO/Manager: | Karen S Baldwin |
| Chairperson: | Joyce Luton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,771,808 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,105,986 |
| Unsecured Loans | 5,486,714 |
| Other Loans | 10,595,037 |
| TOTAL LOANS | 22,187,737 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,525 |
| Land And Building | 625,210 |
| Other Fixed Assets | 29 |
| NCUSIF Deposit | 334,405 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,722,852 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,089 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,703,095 |
| Regular shares | 18,145,986 |
| All Other Shares & Deposits | 6,284,281 |
| TOTAL SHARES & DEPOSITS | 31,133,361 |
| TOTAL LIABILITIES | 31,214,450 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,508,402 |
| TOTAL EQUITY | 5,508,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,722,852 |
| INCOME & EXPENSE | |
| Loan Income | 1,359,731 |
| Investment Income | 404,711 |
| Other Income | 317,409 |
| Total Employee Compensation & Benefits | 915,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,194,368 |
| Non-operating Income & (Expense) | -14,793 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,008 |
| Cost of Funds | 115,393 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 265,395 |
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