Introduction
Welcome to Timberland, your trusted financial partner in Clearfield, PA! Established in 1973, we have proudly served our community for over 50 years, helping thousands of members achieve their financial dreams. Located at 8764 Clearfield Curwensville Hwy, our Clearfield Office is designed to provide personalized banking experiences tailored just for you. With a total membership of 9,314 and assets exceeding $88,921,029, we are committed to fostering financial well-being. Our dedicated team of 25 employees, led by CEO Joel Slagan and Board President Mark Lambert, is always ready to assist you with a variety of services including personal banking, auto loans, mortgages, and business banking solutions. While members can visit us at our branch address, official correspondence should be sent to the same location: 8764 Clearfield Curwensville Hwy, Clearfield, PA 16830. We understand that building trust with our members goes beyond numbers it's about community impact and commitment. That's why we focus on providing services that help our members grow financially while keeping their best interests at heart. Our robust portfolio includes 5,286 loans and leases and total deposits of $16,141,106, reflecting our dedication to supporting your financial journey. Whether you're looking for competitive loan rates or innovative online banking solutions, Timberland has you covered. Join us as we continue to enhance the lives of our members through exceptional service and community involvement. We invite you to visit us or call us at 814-765-1260 during our operating hours: Monday and Tuesday from 9 AM - 5 PM; Wednesday from 9 AM - 3 PM; Thursday and Friday from 9 AM - 6 PM. Let Timberland be your first choice for all your financial needs!
Financial Strength
At Timberland, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. As a credit union committed to serving our community, we pride ourselves on our strong financial health and reliability. With a net worth of $9,156,660, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is reflected in our net worth ratio of 10.30, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $15,239,151 in share certificates and $1,267,222 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $3,254,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $9,156,660 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $22,871,138 in used auto loans and a total of $58,149,855 in loans and leases. Our operational efficiency is highlighted by our net income of $0, which reflects our focus on serving our community rather than maximizing profits. We also take pride in having 24 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Total Share Accounts stand at an impressive 19,473, showcasing a strong and growing member base that trusts us with their finances. Our net shares (funds available for lending and investments) currently sit at $0, allowing us the flexibility to adapt as needed. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Timberland is your trusted partner. Visit us at 8764 Clearfield Curwensville Hwy Clearfield PA 16830 or call 814-765-1260 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
