Dec, 31, 2023 — ACCESS FEDERAL CREDIT UNION is a federal credit union headquartered in CLINTON, NY with 5 branch locations and about $247.76 million in total assets. Opened 77 years ago in 1947, ACCESS FEDERAL CREDIT UNION has about 22,807 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACCESS FEDERAL CREDIT UNION |
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Address: (Main Office) | 6 Franklin Ave CLINTON, NY 13323 |
Phone: | (315) 557-1000 |
Fax: | (315) 557-1004 |
Website: | https://www.accessfcu.org |
Branches: | 5 branch locations |
Members: | 22,807 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5579 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $247,758,946 |
CEO/Manager: | Thomas L Owens |
Chairperson: | S. Leo Angelicola |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,725,369 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,688,521 |
Unsecured Loans | 3,368,940 |
Other Loans | 86,293,643 |
TOTAL LOANS | 149,351,104 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -856,386 |
Land And Building | 1,188,131 |
Other Fixed Assets | 781,033 |
NCUSIF Deposit | 2,192,403 |
All Other Assets | 0 |
TOTAL ASSETS | 247,758,946 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,500,000 |
Accounts Payable & Other Liabilities | 2,755,524 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,181,359 |
Regular shares | 116,113,715 |
All Other Shares & Deposits | 43,419,718 |
TOTAL SHARES & DEPOSITS | 222,714,795 |
TOTAL LIABILITIES | 226,988,484 |
Regular Reserve | 0 |
Other Reserves | -2,192,634 |
Undivided Earnings | 22,963,096 |
TOTAL EQUITY | 20,770,462 |
TOTAL LIABILITIES, SHARES, & EQUITY | 247,758,946 |
INCOME & EXPENSE | |
Loan Income | 6,939,978 |
Investment Income | 1,285,800 |
Other Income | 1,077,539 |
Total Employee Compensation & Benefits | 3,500,428 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,137,678 |
Non-operating Income & (Expense) | -523 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,444 |
Cost of Funds | 1,140,959 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,308,024 |
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