Dec, 31, 2023 — LATROBE FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 1 branch location and about $14.03 million in total assets. Opened 74 years ago in 1950, LATROBE FEDERAL CREDIT UNION has about 1,835 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LATROBE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1812 Ligonier St LATROBE, PA 15650-2917 |
Phone: | (724) 537-2734 |
Fax: | (724) 537-4488 |
Website: | https://www.latrobefcu.com |
Branches: | 1 branch locations |
Members: | 1,835 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6689 |
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Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,025,827 |
CEO/Manager: | Sarah J Johnston |
Chairperson: | Patricia D Mullen |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,693,673 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 282,132 |
Unsecured Loans | 573,464 |
Other Loans | 3,095,084 |
TOTAL LOANS | 3,950,680 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,804 |
Land And Building | 89,467 |
Other Fixed Assets | 69 |
NCUSIF Deposit | 125,244 |
All Other Assets | 0 |
TOTAL ASSETS | 14,025,827 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,357 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,922,855 |
Regular shares | 9,898,295 |
All Other Shares & Deposits | 735,150 |
TOTAL SHARES & DEPOSITS | 12,556,301 |
TOTAL LIABILITIES | 12,562,658 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,463,169 |
TOTAL EQUITY | 1,463,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,025,827 |
INCOME & EXPENSE | |
Loan Income | 163,005 |
Investment Income | 355,764 |
Other Income | 91,112 |
Total Employee Compensation & Benefits | 232,322 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 206,715 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,200 |
Cost of Funds | 76,110 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 153,228 |
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