Dec, 31, 2023 — ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALBION, NY with 0 branch location and about $2.23 million in total assets. Opened 61 years ago in 1963, ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 405 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 254 East Ave ALBION, NY 14411-1617 |
Phone: | (585) 589-9204 |
Fax: | (585) 589-4097 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 405 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15614 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,233,572 |
CEO/Manager: | Beth Ann Navarra |
Chairperson: | Keith Piccirilli |
ASSETS: | $ Amount |
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Cash & Equivalents | 627,673 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 298,200 |
Other Loans | 813,087 |
TOTAL LOANS | 1,111,287 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,223 |
Land And Building | 0 |
Other Fixed Assets | 768 |
NCUSIF Deposit | 19,439 |
All Other Assets | 0 |
TOTAL ASSETS | 2,233,572 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,332 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 107 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,825,381 |
All Other Shares & Deposits | 24,000 |
TOTAL SHARES & DEPOSITS | 1,849,381 |
TOTAL LIABILITIES | 1,850,820 |
Regular Reserve | 0 |
Other Reserves | 41,752 |
Undivided Earnings | 341,000 |
TOTAL EQUITY | 382,752 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,233,572 |
INCOME & EXPENSE | |
Loan Income | 46,442 |
Investment Income | 37,481 |
Other Income | 27 |
Total Employee Compensation & Benefits | 39,951 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,040 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,577 |
Cost of Funds | 2,034 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -523 |
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