Dec, 31, 2023 — PAAC TRANSIT DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $29.66 million in total assets. Opened 84 years ago in 1940, PAAC TRANSIT DIVISION FEDERAL CREDIT UNION has about 2,900 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: | PAAC TRANSIT DIVISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 219 Fort Pitt Blvd FL 2 PITTSBURGH, PA 15222 |
| Phone: | (412) 255-1363 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 2,900 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3810 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,655,849 |
| CEO/Manager: | Tracy A Slater |
| Chairperson: | Lee E Biermeyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,633,346 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,051 |
| Unsecured Loans | 2,854,907 |
| Other Loans | 2,246,547 |
| TOTAL LOANS | 5,130,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,616 |
| Land And Building | 0 |
| Other Fixed Assets | 122 |
| NCUSIF Deposit | 266,090 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,655,849 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,787 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 435,489 |
| Regular shares | 24,461,520 |
| All Other Shares & Deposits | 120,472 |
| TOTAL SHARES & DEPOSITS | 25,017,481 |
| TOTAL LIABILITIES | 25,045,268 |
| Regular Reserve | 0 |
| Other Reserves | 507,038 |
| Undivided Earnings | 4,103,543 |
| TOTAL EQUITY | 4,610,581 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,655,849 |
| INCOME & EXPENSE | |
| Loan Income | 305,056 |
| Investment Income | 594,565 |
| Other Income | 10,210 |
| Total Employee Compensation & Benefits | 199,398 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 204,782 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 94,473 |
| Cost of Funds | 281,797 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,701 |
| ↑ Back to Top | |