Dec, 31, 2023 — MONTOURSVILLE AREA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTOURSVILLE, PA with 1 branch location and about $5.75 million in total assets. Opened 57 years ago in 1967, MONTOURSVILLE AREA FEDERAL CREDIT UNION has about 714 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONTOURSVILLE AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 999 N Loyalsock Ave Ste A MONTOURSVILLE, PA 17754 |
Phone: | (570) 368-7401 |
Fax: | (570) 368-7404 |
Website: | https://www.netit.financial-net.com |
Branches: | 1 branch locations |
Members: | 714 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18144 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,754,813 |
CEO/Manager: | Karen E Kaiser |
Chairperson: | Eric W Feerrar |
ASSETS: | $ Amount |
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Cash & Equivalents | 272,249 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 88,865 |
Unsecured Loans | 303,359 |
Other Loans | 1,769,923 |
TOTAL LOANS | 2,162,146 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,361 |
Land And Building | 0 |
Other Fixed Assets | 1,655 |
NCUSIF Deposit | 58,336 |
All Other Assets | 0 |
TOTAL ASSETS | 5,754,813 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,429 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 935,451 |
Regular shares | 4,150,946 |
All Other Shares & Deposits | 77,843 |
TOTAL SHARES & DEPOSITS | 5,164,240 |
TOTAL LIABILITIES | 5,167,712 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 587,101 |
TOTAL EQUITY | 587,101 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,754,813 |
INCOME & EXPENSE | |
Loan Income | 130,293 |
Investment Income | 172,485 |
Other Income | 16,815 |
Total Employee Compensation & Benefits | 126,387 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 69,008 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,092 |
Cost of Funds | 2,161 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 185,457 |
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