Dec, 31, 2023 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $88.39 million in total assets. Opened 38 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 9,679 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION |
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Address: (Main Office) | 37 AVENUE B NEW YORK, NY 10009 |
Phone: | (212) 529-8197 |
Fax: | (212) 529-8368 |
Website: | https://www.lespeoples.org |
Branches: | 3 branch locations |
Members: | 9,679 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24232 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1986 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $88,392,627 |
CEO/Manager: | Aissatou Barry-Fall |
Chairperson: | Jorge Vasquez |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,873,741 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,329,604 |
Unsecured Loans | 2,913,332 |
Other Loans | 3,270,192 |
TOTAL LOANS | 55,472,514 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -418,450 |
Land And Building | 0 |
Other Fixed Assets | 1,067,477 |
NCUSIF Deposit | 622,094 |
All Other Assets | 440,478 |
TOTAL ASSETS | 88,392,627 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 181,745 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,577,524 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
Share Drafts | 26,292,133 |
Regular shares | 23,447,588 |
All Other Shares & Deposits | 16,318,199 |
TOTAL SHARES & DEPOSITS | 66,057,920 |
TOTAL LIABILITIES | 78,817,189 |
Regular Reserve | 0 |
Other Reserves | 170,351 |
Undivided Earnings | 9,405,087 |
TOTAL EQUITY | 9,575,438 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,392,627 |
INCOME & EXPENSE | |
Loan Income | 3,029,307 |
Investment Income | 1,197,711 |
Other Income | 801,139 |
Total Employee Compensation & Benefits | 2,353,647 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,317,243 |
Non-operating Income & (Expense) | 571,192 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 219,798 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 801,687 |
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