Dec, 31, 2023 — GATES CHILI FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 1 branch location and about $30.90 million in total assets. Opened 60 years ago in 1964, GATES CHILI FEDERAL CREDIT UNION has about 1,954 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GATES CHILI FEDERAL CREDIT UNION |
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Address: (Main Office) | 2870 Buffalo Rd ROCHESTER, NY 14624-1340 |
Phone: | (585) 247-1090 |
Fax: | (585) 247-3875 |
Website: | https://gateschilifcu.org |
Branches: | 1 branch locations |
Members: | 1,954 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16236 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,902,004 |
CEO/Manager: | Kelly L DeFranco |
Chairperson: | Kevin Whitmore |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,953,458 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,389,517 |
Unsecured Loans | 1,246,513 |
Other Loans | 6,776,903 |
TOTAL LOANS | 11,412,932 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,110 |
Land And Building | 1,033,685 |
Other Fixed Assets | 102,863 |
NCUSIF Deposit | 296,216 |
All Other Assets | 0 |
TOTAL ASSETS | 30,902,004 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,329 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,943,831 |
Regular shares | 19,675,679 |
All Other Shares & Deposits | 2,275,838 |
TOTAL SHARES & DEPOSITS | 28,895,349 |
TOTAL LIABILITIES | 28,908,678 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,993,326 |
TOTAL EQUITY | 1,993,326 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,902,004 |
INCOME & EXPENSE | |
Loan Income | 507,519 |
Investment Income | 235,813 |
Other Income | 29,344 |
Total Employee Compensation & Benefits | 416,573 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 476,983 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 127 |
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