Dec, 31, 2023 — SERVICE 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in DANVILLE, PA with 11 branch locations and about $646.16 million in total assets. Opened 49 years ago in 1975, SERVICE 1ST FEDERAL CREDIT UNION has about 40,401 members and employs 138 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SERVICE 1ST FEDERAL CREDIT UNION |
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Address: (Main Office) | 1985 Montour Blvd DANVILLE, PA 17821 |
Phone: | (570) 271-6060 |
Fax: | (570) 271-8793 |
Website: | https://www.service1.org |
Branches: | 11 branch locations |
Members: | 40,401 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22128 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $646,155,824 |
CEO/Manager: | Michael Thomas |
Chairperson: | Steven Endress |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,651,926 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 311,178,957 |
Unsecured Loans | 24,072,789 |
Other Loans | 218,598,949 |
TOTAL LOANS | 554,493,727 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,864,842 |
Land And Building | 8,432,622 |
Other Fixed Assets | 1,868,931 |
NCUSIF Deposit | 5,067,128 |
All Other Assets | 0 |
TOTAL ASSETS | 646,155,824 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 3,587,272 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 122,825,488 |
Regular shares | 191,388,669 |
All Other Shares & Deposits | 249,413,334 |
TOTAL SHARES & DEPOSITS | 563,627,491 |
TOTAL LIABILITIES | 577,257,382 |
Regular Reserve | 0 |
Other Reserves | 422,764 |
Undivided Earnings | 68,475,678 |
TOTAL EQUITY | 68,898,442 |
TOTAL LIABILITIES, SHARES, & EQUITY | 646,155,824 |
INCOME & EXPENSE | |
Loan Income | 28,603,109 |
Investment Income | 2,194,081 |
Other Income | 3,062,107 |
Total Employee Compensation & Benefits | 11,497,830 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,713,286 |
Non-operating Income & (Expense) | 195 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,246,105 |
Cost of Funds | 6,125,526 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,289,608 |
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