2025 Annual Report

20 25 ANNUAL

REPORT

ABOUT US Founded in 1949, ONE Federal Credit Union was built on a simple but powerful idea: that people deserve access to fair, honest financial services designed to help them thrive. What began with just eight members and a shoebox of savings and small loans inside a local textile plant has grown into a full-service credit union proudly serving more than 12,000 members across 13 counties.

The name ONE reflects who we are and how we serve. ONE stands for unity, inclusion, and the belief that every member matters. As a member-owned financial cooperative, we exist for one purpose — to serve the financial needs of our members, not shareholders. Today, we proudly serve communities throughout Pennsylvania and have expanded our reach into Ohio and New York, ensuring access to trusted financial services wherever our members live, work, or travel.

As a full-service credit union, ONE Federal Credit Union offers a comprehensive suite of products and services designed to meet members at every stage of life.

With five branch locations and robust online and mobile banking platforms, we combine personal, local service with modern convenience — delivering what we proudly call Banking...but Better!

1949

2025

1 County

13 Counties

8 Members

12,624 Members

Dan Crandall

Teri Rose

Dan Severo

Jim Turnbull

Mark Weindorf

Mark Weindorf

Chairman

Vice Chairman Treasurer

Kim Steider Secretary

Heather Clancy-Young Board Member

Chairman

Committee Member Committee Member

PRESIDENT’S MESSAGE Heather Clancy-Young President/CEO This past year has been one of continued growth and strength for ONE Federal Credit Union. In an evolving economic environment shaped by shifting interest rates and national market trends, we remained focused on our mission — supporting the financial well-being of our members.

Founded in 1949 with just eight members and a shoebox of savings in a local textile plant, we have grown to serve more than 12,000 members across 13 counties in Pennsylvania, as well as communities in Ohio and New York. Today, ONE Federal Credit Union stands at $129 million in assets, operating five branches and offering a full digital banking suite to serve members wherever they are.

Over the past year alone, we experienced approximately 13% growth — a reflection of your trust and our team’s dedication.

As a federally insured credit union, member deposits are protected by the National Credit Union Share Insurance Fund up to $250,000 per individual depositor. That protection, combined with prudent financial management, ensures the continued stability of your credit union.

We remain deeply committed to serving rural and underserved communities, designing products and services that support working families and individuals striving for financial security. Through volunteerism, community partnerships, and everyday service, we live the credit union philosophy of People Helping People.

Thank you for your continued trust, partnership, and membership. It is our privilege to serve you.

Heather Clancy-Young

CHAIRMAN’S MESSAGE Dan Crandall Board Chairman On behalf of the Board of Directors, I am pleased to report that ONE Federal Credit Union remains financially strong and well positioned for the future. The Board’s responsibility is to ensure the safety, soundness, and long-term success of your credit union, and fiscal year 2025 demonstrated continued stability and disciplined growth.

We ended the year with a Net Worth Ratio of 8.78%, exceeding the National Credit Union Administration’s 7% benchmark for a well-capitalized credit union. This solid capital foundation provides strength during uncertain economic periods and allows us to continue investing in member-focused services. Delinquencies remained well controlled at 0.49%, reflecting sound lending practices and responsible risk management.

The NCUA regularly examines credit unions for capital adequacy, asset quality, earnings, liquidity, and management effectiveness. Our results reflect strong governance and operational oversight.

In 2025, we continued enhancing both security and member experience.

Improvements included enhanced fraud monitoring, IT audits with no findings, upgraded security for mobile remote deposit capture, and the introduction of a Debit Card Round Up Reward Program with an attractive rate of return. These initiatives demonstrate our commitment to innovation while safeguarding member assets and information.

The Board remains dedicated to prudent leadership, operational excellence, and serving the best interests of our membership.

Thank you for your continued trust and support of ONE Federal Credit Union.

Dan Crandall

SUPERVISORY COMMITTEE REPORT The primary responsibility of the Supervisory Committee is to safeguard member assets and to ensure that the financial condition and operating procedures of The ONE Federal Credit Union are sound, transparent, and in compliance with applicable regulations and the Credit Union’s bylaws.

We are proud to announce the appointment of a new Supervisory Committee Chairperson, Ms. Teri Rose. She has been a valued member of The ONE Federal Credit Union since 2009 and has demonstrated a long-standing commitment to our mission and membership. Her service to the Credit Union includes involvement as a Teacher Liaison during the operation of our in-school branch at Cochranton High School, as well as dedicated service on the Supervisory Committee for 12 years.

Last year, she assumed the role of Supervisory Committee Chairperson, bringing experience, continuity, and strong leadership to the Committee.

In fulfilling its oversight responsibilities, the Supervisory Committee ensured that an independent external audit was conducted, in addition to internal audit activities and operational controls to further ensure accuracy, accountability, and adherence to established policies and procedures.

In reviewing these results, it is the opinion of the Supervisory Committee that The ONE Federal Credit Union’s financial records are maintained accurately and in accordance with generally accepted accounting principles and regulatory requirements.

The Supervisory Committee would like to extend its sincere appreciation to the Board of Directors, management team, and staff for their professionalism, cooperation, and commitment to serving our members.

Their collective efforts contribute to the ongoing strength, stability, and success of The ONE Federal Credit Union.

Teri Rose

Jim Turnbull

Mark Weindorf

COMMUNITY INVOLVEMENT

2025

At the ONE Federal Credit Union, community impact is more than a promise, it is a responsibility we proudly uphold. As a member-owned cooperative, our success is measured not only by financial strength, but by the positive difference we make in the lives of our members and neighbors.

SHARE A SMILE PROGRAM

RIVERSIDE OKTOBERFEST EVENT

Our Share A Smile program empowers employees to bring the people helping people philosophy to life. This year, over $3,000 was placed in their hands, allowing them to personally choose meaningful ways to support members—because no one stands alone when you’re a friend of ONE. Our ONE Community program reflects our ongoing commitment to giving back. Through donations, volunteer efforts, and community partnerships, we support the places where our members live and work—building meaningful connections and delivering an annual community impact of approximately $72,000.

1,100+ Volunteer Hours

SANTA DAY EVENT

FINANCIAL SNAPSHOT TOTAL ASSETS

TOTAL SHARES

2024

$ 118,008,529.90

2024

$ 105,729,357.54

2025

$ 129,732,741.63

2025

$ 116,419,312.47

TOTAL EQUITY

TOTAL DIVIDENDS

2024

$

10,582,174.15

2024

$

1,803,366.85

2025

$ 11,384,549.33

2025

$

1,922,265.38

BALANCE SHEET

INCOME STATEMENT

2024

2025

Cash Loans Investments Other Assets Total Assets

$ 2,621,735.92 $ 90,063,042.82 $ 874,242.23 $ 3,195,089.39 $ 118,008,529.90

$ 2,594,968.35 $ 100,067,427.17 $ 857,967.77 $ 3,530,131.59 $ 129,732,741.63

Member Deposits

$ 105,729,357.54

$ 116,419,312.47

Other Liabilities

$

Total Equity

$

Total Liabilities & Equity

1,696,998.21

10,582,174.15

$ 118,008,529.90

$

2024

2025

Interest Income

$

6,476,661.19 $ 6,980,523.99

NonInterest Income

$

1,689,673.14 $ 1,654,468.25

Operating Expense

$ 5,007,548.33 $ 5,546,081.39

Provision for Loan Loss

$

Member Dividends

$ 1,803,366.85 $ 1,922,265.38

1,928,879.83

$ 11,384,549.33

318,246.62 $

364,469.19

$ 129,732,741.63 Net Income/ Loss

$ 1,036,661.89 $

802,176.28