Dec, 31, 2023 — P C FEDERAL CREDIT UNION is a federal credit union headquartered in PORT ALLEGANY, PA with 2 branch locations and about $13.15 million in total assets. Opened 69 years ago in 1955, P C FEDERAL CREDIT UNION has about 1,436 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P C FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 203 N Main St PORT ALLEGANY, PA 16743 |
| Phone: | (814) 642-9248 |
| Fax: | (814) 642-5044 |
| Website: | https://www.pcfederalcu.org |
| Branches: | 2 branch locations |
| Members: | 1,436 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10704 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,145,202 |
| CEO/Manager: | Karol L Hinchey |
| Chairperson: | Clifford D Lane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,707,451 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 479,662 |
| Unsecured Loans | 1,124,633 |
| Other Loans | 8,505,450 |
| TOTAL LOANS | 10,109,745 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,430 |
| Land And Building | 61,045 |
| Other Fixed Assets | 56,982 |
| NCUSIF Deposit | 103,728 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,145,202 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37,366 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,754 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 984,763 |
| Regular shares | 5,023,103 |
| All Other Shares & Deposits | 5,536,800 |
| TOTAL SHARES & DEPOSITS | 11,544,667 |
| TOTAL LIABILITIES | 11,587,787 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,557,415 |
| TOTAL EQUITY | 1,557,415 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,145,202 |
| INCOME & EXPENSE | |
| Loan Income | 537,257 |
| Investment Income | 84,978 |
| Other Income | 35,216 |
| Total Employee Compensation & Benefits | 244,540 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 166,561 |
| Non-operating Income & (Expense) | -1,379 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80 |
| Cost of Funds | 157,629 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 113,617 |
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