Dec, 31, 2023 — NORTH PENN FEDERAL CREDIT UNION is a federal credit union headquartered in COLMAR, PA with 1 branch location and about $20.87 million in total assets. Opened 69 years ago in 1955, NORTH PENN FEDERAL CREDIT UNION has about 1,399 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH PENN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 123 Bethlehem Pike COLMAR, PA 18915-9778 |
| Phone: | (215) 822-9119 |
| Fax: | (215) 997-1495 |
| Website: | https://northpennfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,399 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10720 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,865,722 |
| CEO/Manager: | Liesl M Stroup |
| Chairperson: | Anthony H Vigorita |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,165,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,915,852 |
| Unsecured Loans | 605,775 |
| Other Loans | 2,413,682 |
| TOTAL LOANS | 4,935,309 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,689 |
| Land And Building | 157,238 |
| Other Fixed Assets | 73,899 |
| NCUSIF Deposit | 198,020 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,865,722 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,279,297 |
| Regular shares | 6,981,485 |
| All Other Shares & Deposits | 9,367,230 |
| TOTAL SHARES & DEPOSITS | 18,628,013 |
| TOTAL LIABILITIES | 18,637,214 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,228,508 |
| TOTAL EQUITY | 2,228,508 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,865,722 |
| INCOME & EXPENSE | |
| Loan Income | 287,490 |
| Investment Income | 285,978 |
| Other Income | 28,786 |
| Total Employee Compensation & Benefits | 224,775 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 245,240 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,150 |
| Cost of Funds | 151,358 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,226 |
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