Dec, 31, 2023 — NEW CASTLE BELLCO FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, PA with 1 branch location and about $11.42 million in total assets. Opened 71 years ago in 1953, NEW CASTLE BELLCO FEDERAL CREDIT UNION has about 981 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW CASTLE BELLCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1011 Wilmington Ave NEW CASTLE, PA 16101 |
| Phone: | (724) 654-8485 |
| Fax: | (724) 654-3837 |
| Website: | https://www.newcastlebellco.com |
| Branches: | 1 branch locations |
| Members: | 981 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8903 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,423,307 |
| CEO/Manager: | FRANK A ROSSETTI |
| Chairperson: | GERALD A MARKOWITZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 369,732 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 645,405 |
| Unsecured Loans | 116,928 |
| Other Loans | 5,709,000 |
| TOTAL LOANS | 6,471,334 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,735 |
| Land And Building | 57,679 |
| Other Fixed Assets | 32,962 |
| NCUSIF Deposit | 103,463 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,423,307 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,029 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,377 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,269,722 |
| Regular shares | 5,903,084 |
| All Other Shares & Deposits | 2,749,871 |
| TOTAL SHARES & DEPOSITS | 9,922,678 |
| TOTAL LIABILITIES | 9,935,084 |
| Regular Reserve | 0 |
| Other Reserves | -23,145 |
| Undivided Earnings | 1,511,368 |
| TOTAL EQUITY | 1,488,223 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,423,307 |
| INCOME & EXPENSE | |
| Loan Income | 255,095 |
| Investment Income | 183,244 |
| Other Income | 9,598 |
| Total Employee Compensation & Benefits | 147,683 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 160,573 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -637 |
| Cost of Funds | 63,632 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 94,772 |
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