Dec, 31, 2023 — DIVISION 726 FEDERAL CREDIT UNION is a federal credit union headquartered in STATEN ISLAND, NY with 1 branch location and about $10.97 million in total assets. Opened 54 years ago in 1970, DIVISION 726 FEDERAL CREDIT UNION has about 2,524 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIVISION 726 FEDERAL CREDIT UNION |
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Address: (Main Office) | 4886 ARTHUR KILL RD STATEN ISLAND, NY 10309 |
Phone: | (718) 356-1616 |
Fax: | (718) 948-4233 |
Website: | https://div726fcu.com |
Branches: | 1 branch locations |
Members: | 2,524 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20336 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,974,548 |
CEO/Manager: | JAMES F SUGRUE |
Chairperson: | ANTHONY BENANTI |
ASSETS: | $ Amount |
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Cash & Equivalents | 576,288 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,062,589 |
Other Loans | 3,807,114 |
TOTAL LOANS | 6,869,703 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,685 |
Land And Building | 146,445 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 93,885 |
All Other Assets | 0 |
TOTAL ASSETS | 10,974,548 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 331 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 339,462 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 535,134 |
Regular shares | 5,654,655 |
All Other Shares & Deposits | 2,817,614 |
TOTAL SHARES & DEPOSITS | 9,007,403 |
TOTAL LIABILITIES | 9,347,196 |
Regular Reserve | 0 |
Other Reserves | 246,775 |
Undivided Earnings | 1,380,577 |
TOTAL EQUITY | 1,627,352 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,974,548 |
INCOME & EXPENSE | |
Loan Income | 546,809 |
Investment Income | 106,385 |
Other Income | 91,418 |
Total Employee Compensation & Benefits | 286,290 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 246,382 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,860 |
Cost of Funds | 148,706 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -52,405 |
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