First Credit Union Of Scranton

Organization Overview

First Credit Union Of Scranton is located in Scranton, PA. The organization was established in 1945. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, First Credit Union Of Scranton employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. First Credit Union Of Scranton is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2020, First Credit Union Of Scranton generated $508.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $621.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO THEIR MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO ITS MEMBERS


TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO THEIR MEMBER


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Gavin
Vice Preside
$0
John Saville
Secretary
$0
James Snyder
President
$0
Richard Dunleavy
Board Member
$0
Guy Pilosi
Board Member
$0
Robert Ryan
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$347,265
Investment income $161,106
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $508,371

Peer Organizations

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