Dec, 31, 2023 — SAINT VINCENT ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $17.59 million in total assets. Opened 64 years ago in 1960, SAINT VINCENT ERIE FEDERAL CREDIT UNION has about 1,828 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: | SAINT VINCENT ERIE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2314 Sassafras St Ste 100 ERIE, PA 16502 |
| Phone: | (814) 452-5742 |
| Fax: | (814) 452-5630 |
| Website: | https://www.svefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,828 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13933 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,589,437 |
| CEO/Manager: | James D Kemp |
| Chairperson: | Bill Chiaramonte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 809,110 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,328,948 |
| Unsecured Loans | 1,106,912 |
| Other Loans | 1,802,819 |
| TOTAL LOANS | 5,238,680 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,445 |
| Land And Building | 0 |
| Other Fixed Assets | 22,074 |
| NCUSIF Deposit | 170,493 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,589,437 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,873,530 |
| Regular shares | 12,831,892 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 15,705,422 |
| TOTAL LIABILITIES | 15,707,733 |
| Regular Reserve | 0 |
| Other Reserves | 102,598 |
| Undivided Earnings | 1,779,106 |
| TOTAL EQUITY | 1,881,704 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,589,437 |
| INCOME & EXPENSE | |
| Loan Income | 308,788 |
| Investment Income | 271,440 |
| Other Income | 174,933 |
| Total Employee Compensation & Benefits | 335,603 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 275,271 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,494 |
| Cost of Funds | 67,679 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,323 |
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