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National Credit Union Service Organization

N.F.G. #2 FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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