Dec, 31, 2023 — ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALBION, NY with 0 branch location and about $2.23 million in total assets. Opened 61 years ago in 1963, ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 405 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALBION SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 254 East Ave ALBION, NY 14411-1617 |
| Phone: | (585) 589-9204 |
| Fax: | (585) 589-4097 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 405 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15614 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,233,572 |
| CEO/Manager: | Beth Ann Navarra |
| Chairperson: | Keith Piccirilli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 627,673 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 298,200 |
| Other Loans | 813,087 |
| TOTAL LOANS | 1,111,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,223 |
| Land And Building | 0 |
| Other Fixed Assets | 768 |
| NCUSIF Deposit | 19,439 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,233,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,332 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,825,381 |
| All Other Shares & Deposits | 24,000 |
| TOTAL SHARES & DEPOSITS | 1,849,381 |
| TOTAL LIABILITIES | 1,850,820 |
| Regular Reserve | 0 |
| Other Reserves | 41,752 |
| Undivided Earnings | 341,000 |
| TOTAL EQUITY | 382,752 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,233,572 |
| INCOME & EXPENSE | |
| Loan Income | 46,442 |
| Investment Income | 37,481 |
| Other Income | 27 |
| Total Employee Compensation & Benefits | 39,951 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,040 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,577 |
| Cost of Funds | 2,034 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -523 |
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