Dec, 31, 2023 — PATRIOT FEDERAL CREDIT UNION is a federal credit union headquartered in CHAMBERSBURG, PA with 11 branch locations and about $1.08 billion in total assets. Opened 59 years ago in 1965, PATRIOT FEDERAL CREDIT UNION has about 78,920 members and employs 219 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PATRIOT FEDERAL CREDIT UNION |
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Address: (Main Office) | 800 Wayne Ave CHAMBERSBURG, PA 17201-3810 |
Phone: | (717) 263-4444 |
Fax: | (717) 263-8684 |
Website: | https://www.patriotfcu.org |
Branches: | 11 branch locations |
Members: | 78,920 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16574 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,081,976,819 |
CEO/Manager: | Ron Celaschi |
Chairperson: | Dennis Coons |
ASSETS: | $ Amount |
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Cash & Equivalents | 87,121,540 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 240,000 |
Real Estate Loans | 300,021,900 |
Unsecured Loans | 30,885,259 |
Other Loans | 524,342,545 |
TOTAL LOANS | 856,398,817 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,314,668 |
Land And Building | 28,340,127 |
Other Fixed Assets | 5,069,188 |
NCUSIF Deposit | 8,571,644 |
All Other Assets | 753,491 |
TOTAL ASSETS | 1,081,976,819 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 46,574 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,015,524 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 193,610,769 |
Regular shares | 201,233,942 |
All Other Shares & Deposits | 573,914,486 |
TOTAL SHARES & DEPOSITS | 968,759,197 |
TOTAL LIABILITIES | 976,821,295 |
Regular Reserve | 0 |
Other Reserves | -17,835,890 |
Undivided Earnings | 122,991,414 |
TOTAL EQUITY | 105,155,524 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,081,976,819 |
INCOME & EXPENSE | |
Loan Income | 43,126,276 |
Investment Income | 4,082,723 |
Other Income | 5,683,204 |
Total Employee Compensation & Benefits | 18,755,314 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,909,474 |
Non-operating Income & (Expense) | 677,538 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,147,065 |
Cost of Funds | 14,379,100 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,956,635 |
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