Dec, 31, 2023 — STANWOOD AREA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW STANTON, PA with 1 branch location and about $18.82 million in total assets. Opened 84 years ago in 1940, STANWOOD AREA FEDERAL CREDIT UNION has about 2,198 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STANWOOD AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 444 Arona Rd NEW STANTON, PA 15672 |
Phone: | (724) 925-9505 |
Fax: | (724) 925-6121 |
Website: | https://www.stanwoodareafcu.org |
Branches: | 1 branch locations |
Members: | 2,198 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4088 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,821,402 |
CEO/Manager: | Charles H Frederickson Jr |
Chairperson: | John Storey, Sr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 642,820 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,818,479 |
Unsecured Loans | 1,574,200 |
Other Loans | 6,913,027 |
TOTAL LOANS | 10,305,706 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,764 |
Land And Building | 13,393 |
Other Fixed Assets | 4,435 |
NCUSIF Deposit | 167,162 |
All Other Assets | 0 |
TOTAL ASSETS | 18,821,402 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,234 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,080,929 |
Regular shares | 9,373,807 |
All Other Shares & Deposits | 4,597,500 |
TOTAL SHARES & DEPOSITS | 17,052,235 |
TOTAL LIABILITIES | 17,064,469 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,756,933 |
TOTAL EQUITY | 1,756,933 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,821,402 |
INCOME & EXPENSE | |
Loan Income | 528,089 |
Investment Income | 191,844 |
Other Income | 21,747 |
Total Employee Compensation & Benefits | 216,072 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 377,071 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,444 |
Cost of Funds | 144,060 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 60,129 |
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