Penn Drake Credit Union

About Penn Drake Credit Union

Penn Drake Credit Union Location

P.O. Box E
Karns City, PA 16041

Phone: (724) 756-6700
Website:
Routing/Transit Number: Not Available

Penn Drake Credit Union Information

Penn Drake Credit Union of Karns City, PA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 563 members and assets of $2,543,811, as compared to the national average of $93 million dollars of assets per credit union. Penn Drake Credit Union, first opened in 1969 and has been in operation since then. Additionally, Penn Drake Credit Union has 1 full time employees and 1 part time employees, or 281.5 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Penn Drake Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Penn Drake Credit Union is a not-for-profit, cooperative, tax-exempt organization.