Dec, 31, 2023 — N.F.G. #2 FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, PA with 1 branch location and about $24.72 million in total assets. Opened 70 years ago in 1954, N.F.G. #2 FEDERAL CREDIT UNION has about 2,178 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | N.F.G. #2 FEDERAL CREDIT UNION |
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Address: (Main Office) | 1303 Pennsylvania Ave w WARREN, PA 16365 |
Phone: | (814) 723-7510 |
Fax: | (814) 723-7523 |
Website: | https://www.nfg2.com |
Branches: | 1 branch locations |
Members: | 2,178 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9776 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,718,900 |
CEO/Manager: | Gerald P Bost |
Chairperson: | John Riggle |
ASSETS: | $ Amount |
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Cash & Equivalents | 421,671 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 723,382 |
Unsecured Loans | 1,182,250 |
Other Loans | 2,862,417 |
TOTAL LOANS | 4,768,049 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,758 |
Land And Building | 231,357 |
Other Fixed Assets | 1,521 |
NCUSIF Deposit | 232,295 |
All Other Assets | 0 |
TOTAL ASSETS | 24,718,900 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6 |
Notes & Interest Payable | 204,607 |
Accounts Payable & Other Liabilities | 28,117 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,053,717 |
Regular shares | 12,875,512 |
All Other Shares & Deposits | 4,265,763 |
TOTAL SHARES & DEPOSITS | 21,194,992 |
TOTAL LIABILITIES | 21,427,722 |
Regular Reserve | 0 |
Other Reserves | -109,513 |
Undivided Earnings | 3,400,691 |
TOTAL EQUITY | 3,291,178 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,718,900 |
INCOME & EXPENSE | |
Loan Income | 274,712 |
Investment Income | 429,558 |
Other Income | 22,286 |
Total Employee Compensation & Benefits | 368,045 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 295,742 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,000 |
Cost of Funds | 54,469 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 75,946 |
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