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URE FEDERAL CREDIT UNION

Dec, 31, 2023 — URE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PITTSBURGH, PA with 1 branch location and about $10.21 million in total assets. Opened 88 years ago in 1936, URE FEDERAL CREDIT UNION has about 1,036 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:URE FEDERAL CREDIT UNION
Address:
(Main Office)
201 Beech St
EAST PITTSBURGH, PA 15112
Phone:(412) 824-1166
Fax:(412) 824-0310
Website:https://urefcu.org
Branches:1 branch locations
Members:1,036
Credit Union Type:Federal Credit Union
Charter Number:986
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$10,207,313
CEO/Manager:Beth A Savulak
Chairperson:Paul L Weir

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 370,422
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 107,308
 Unsecured Loans 1,174,786
 Other Loans 3,887,704
 TOTAL LOANS 5,169,798
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,006
 Land And Building 5,828
 Other Fixed Assets 1,435
 NCUSIF Deposit 93,860
 All Other Assets 0
  TOTAL ASSETS 10,207,313
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 175,000
 Accounts Payable & Other Liabilities 3,619
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 865,172
 Regular shares 6,534,399
 All Other Shares & Deposits 1,009,766
  TOTAL SHARES & DEPOSITS 8,409,338
  TOTAL LIABILITIES 8,587,979
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,619,334
  TOTAL EQUITY 1,619,334
  TOTAL LIABILITIES, SHARES, & EQUITY 10,207,313
INCOME & EXPENSE  
 Loan Income 316,122
 Investment Income 91,442
 Other Income 19,625
 Total Employee Compensation & Benefits 129,571
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 180,953
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,871
 Cost of Funds 20,788
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 67,734
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