Dec, 31, 2023 — YOUR CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $13.08 million in total assets. Opened 67 years ago in 1957, YOUR CHOICE FEDERAL CREDIT UNION has about 1,567 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | YOUR CHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 109 Keystone St ALTOONA, PA 16602 |
| Phone: | (814) 946-1294 |
| Fax: | (814) 946-4084 |
| Website: | https://www.yourchoicefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,567 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11972 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,078,544 |
| CEO/Manager: | Autumn M Petta |
| Chairperson: | Brian Bartley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 655,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 749,783 |
| Unsecured Loans | 654,855 |
| Other Loans | 1,990,317 |
| TOTAL LOANS | 3,394,955 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,437 |
| Land And Building | 98,224 |
| Other Fixed Assets | 50,754 |
| NCUSIF Deposit | 126,726 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,078,544 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,940 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,668,788 |
| Regular shares | 8,768,184 |
| All Other Shares & Deposits | 252,476 |
| TOTAL SHARES & DEPOSITS | 11,689,449 |
| TOTAL LIABILITIES | 11,695,389 |
| Regular Reserve | 0 |
| Other Reserves | -14,309 |
| Undivided Earnings | 1,397,464 |
| TOTAL EQUITY | 1,383,155 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,078,544 |
| INCOME & EXPENSE | |
| Loan Income | 143,075 |
| Investment Income | 230,696 |
| Other Income | 139,495 |
| Total Employee Compensation & Benefits | 192,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 230,890 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 16,019 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,077 |
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