Dec, 31, 2023 — PAR-DEL EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMING, PA with 1 branch location and about $8.05 million in total assets. Opened 47 years ago in 1977, PAR-DEL EMP. FEDERAL CREDIT UNION has about 693 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PAR-DEL EMP. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 WYOMING AVE WYOMING, PA 18644-1836 |
| Phone: | (570) 693-2545 |
| Fax: | (570) 693-2377 |
| Website: | https://www.creducomp.com |
| Branches: | 1 branch locations |
| Members: | 693 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22723 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,047,101 |
| CEO/Manager: | CAROLINE M TORBIK |
| Chairperson: | JOHN MAJEWSKI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,236,516 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,123 |
| Unsecured Loans | 961,210 |
| Other Loans | 1,758,076 |
| TOTAL LOANS | 2,759,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,725 |
| Land And Building | 0 |
| Other Fixed Assets | 1,494 |
| NCUSIF Deposit | 77,457 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,047,101 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,902 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 268,828 |
| Regular shares | 6,654,551 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,923,379 |
| TOTAL LIABILITIES | 7,014,281 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,032,820 |
| TOTAL EQUITY | 1,032,820 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,047,101 |
| INCOME & EXPENSE | |
| Loan Income | 138,822 |
| Investment Income | 71,508 |
| Other Income | 2,909 |
| Total Employee Compensation & Benefits | 94,270 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,922 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,117 |
| Cost of Funds | 43,136 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,414 |
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