Dec, 31, 2023 — ARDENT FEDERAL CREDIT UNION is a federal credit union headquartered in PHILA, PA with 9 branch locations and about $850.68 million in total assets. Opened 47 years ago in 1977, ARDENT FEDERAL CREDIT UNION has about 35,238 members and employs 122 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARDENT FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1601 Cherry St PHILA, PA 19102-1320 |
Phone: | (215) 569-3700 |
Fax: | (215) 751-9872 |
Website: | https://www.ardentcu.org |
Branches: | 9 branch locations |
Members: | 35,238 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22637 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $850,678,516 |
CEO/Manager: | Robert Werner |
Chairperson: | Gloria Wilson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 51,682,115 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 389,175,358 |
Unsecured Loans | 70,600,574 |
Other Loans | 120,330,983 |
TOTAL LOANS | 580,106,915 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,135,407 |
Land And Building | 5,204,950 |
Other Fixed Assets | 7,414,967 |
NCUSIF Deposit | 6,469,263 |
All Other Assets | 0 |
TOTAL ASSETS | 850,678,516 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 65,000,000 |
Accounts Payable & Other Liabilities | 15,546,893 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 113,258,785 |
Regular shares | 226,009,006 |
All Other Shares & Deposits | 362,092,028 |
TOTAL SHARES & DEPOSITS | 701,359,819 |
TOTAL LIABILITIES | 781,906,712 |
Regular Reserve | 0 |
Other Reserves | -16,175,732 |
Undivided Earnings | 84,947,536 |
TOTAL EQUITY | 68,771,804 |
TOTAL LIABILITIES, SHARES, & EQUITY | 850,678,516 |
INCOME & EXPENSE | |
Loan Income | 27,810,611 |
Investment Income | 4,683,229 |
Other Income | 2,310,014 |
Total Employee Compensation & Benefits | 11,048,576 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,706,890 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,378,000 |
Cost of Funds | 14,030,126 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 53,914 |
↑ Back to Top |