Dec, 31, 2023 — FRIENDLY FEDERAL CREDIT UNION is a federal credit union headquartered in ALIQUIPPA, PA with 2 branch locations and about $66.05 million in total assets. Opened 69 years ago in 1955, FRIENDLY FEDERAL CREDIT UNION has about 4,737 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRIENDLY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 Main St ALIQUIPPA, PA 15001-2760 |
| Phone: | (724) 375-0488 |
| Fax: | (724) 375-1938 |
| Website: | https://www.friendlyfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,737 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10184 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,052,460 |
| CEO/Manager: | Cynthia Hladio |
| Chairperson: | Carl Hennen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,769,368 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,401,580 |
| Unsecured Loans | 4,546,624 |
| Other Loans | 9,516,581 |
| TOTAL LOANS | 28,464,785 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,843 |
| Land And Building | 395,042 |
| Other Fixed Assets | 8,826 |
| NCUSIF Deposit | 580,265 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,052,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,983 |
| Notes & Interest Payable | 565,224 |
| Accounts Payable & Other Liabilities | 2,561 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,574,723 |
| Regular shares | 35,323,920 |
| All Other Shares & Deposits | 9,481,844 |
| TOTAL SHARES & DEPOSITS | 54,380,487 |
| TOTAL LIABILITIES | 54,954,255 |
| Regular Reserve | 0 |
| Other Reserves | 1,203,661 |
| Undivided Earnings | 9,894,544 |
| TOTAL EQUITY | 11,098,205 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,052,460 |
| INCOME & EXPENSE | |
| Loan Income | 1,252,262 |
| Investment Income | 525,539 |
| Other Income | 51,129 |
| Total Employee Compensation & Benefits | 426,737 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 807,377 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,000 |
| Cost of Funds | 217,350 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 324,820 |
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