Dec, 31, 2023 — 1199 SEIU FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $89.09 million in total assets. Opened 84 years ago in 1940, 1199 SEIU FEDERAL CREDIT UNION has about 15,335 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1199 SEIU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 498 Fashion Ave Fl 2 NEW YORK, NY 10018-6708 |
| Phone: | (212) 957-1055 |
| Fax: | (212) 767-1732 |
| Website: | https://www.1199federalcu.org |
| Branches: | 1 branch locations |
| Members: | 15,335 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24670 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $89,094,041 |
| CEO/Manager: | Kathya Pierre |
| Chairperson: | Aida Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,409,156 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,940,272 |
| Unsecured Loans | 15,255,292 |
| Other Loans | 5,270,927 |
| TOTAL LOANS | 31,581,884 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -784,964 |
| Land And Building | 0 |
| Other Fixed Assets | 107,840 |
| NCUSIF Deposit | 841,813 |
| All Other Assets | 0 |
| TOTAL ASSETS | 89,094,041 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 242,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,998,288 |
| Regular shares | 76,655,059 |
| All Other Shares & Deposits | 862,757 |
| TOTAL SHARES & DEPOSITS | 81,516,104 |
| TOTAL LIABILITIES | 81,758,988 |
| Regular Reserve | 0 |
| Other Reserves | -3,154,672 |
| Undivided Earnings | 10,489,725 |
| TOTAL EQUITY | 7,335,053 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,094,041 |
| INCOME & EXPENSE | |
| Loan Income | 2,081,460 |
| Investment Income | 1,053,948 |
| Other Income | 616,680 |
| Total Employee Compensation & Benefits | 1,789,191 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,347,475 |
| Non-operating Income & (Expense) | 3,925,706 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 162,349 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,328,129 |
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