Dec, 31, 2023 — NIAGARA'S CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 6 branch locations and about $255.68 million in total assets. Opened 71 years ago in 1953, NIAGARA'S CHOICE FEDERAL CREDIT UNION has about 22,880 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NIAGARA'S CHOICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3619 Packard Rd NIAGARA FALLS, NY 14303-2224 |
Phone: | (716) 284-4110 |
Fax: | (716) 284-4123 |
Website: | https://www.niagaraschoice.org |
Branches: | 6 branch locations |
Members: | 22,880 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8693 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $255,684,195 |
CEO/Manager: | Daniel Keleher |
Chairperson: | Margo Hall |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,302,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 69,721,629 |
Unsecured Loans | 16,917,612 |
Other Loans | 71,098,793 |
TOTAL LOANS | 157,771,865 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,006,131 |
Land And Building | 1,898,217 |
Other Fixed Assets | 391,083 |
NCUSIF Deposit | 2,469,193 |
All Other Assets | 0 |
TOTAL ASSETS | 255,684,195 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,699,404 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 46,507,806 |
Regular shares | 160,257,519 |
All Other Shares & Deposits | 29,605,318 |
TOTAL SHARES & DEPOSITS | 236,370,643 |
TOTAL LIABILITIES | 239,070,047 |
Regular Reserve | 0 |
Other Reserves | -3,228,759 |
Undivided Earnings | 19,842,907 |
TOTAL EQUITY | 16,614,148 |
TOTAL LIABILITIES, SHARES, & EQUITY | 255,684,195 |
INCOME & EXPENSE | |
Loan Income | 6,994,435 |
Investment Income | 1,231,114 |
Other Income | 586,580 |
Total Employee Compensation & Benefits | 4,226,553 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,993,721 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 530,699 |
Cost of Funds | 780,046 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 757,570 |
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