Dec, 31, 2023 — ALLIANCE NIAGARA FEDERAL CREDIT UNION is a federal credit union headquartered in SANBORN, NY with 1 branch location and about $20.75 million in total assets. Opened 57 years ago in 1967, ALLIANCE NIAGARA FEDERAL CREDIT UNION has about 1,175 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLIANCE NIAGARA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3111 Saunders Settlement Rd SANBORN, NY 14132 |
| Phone: | (716) 614-6445 |
| Fax: | |
| Website: | https://www.allianceniagara.com |
| Branches: | 1 branch locations |
| Members: | 1,175 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18409 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,750,176 |
| CEO/Manager: | Nancy Sweeney |
| Chairperson: | Judy Johnston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,332,674 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,748,084 |
| Unsecured Loans | 766,005 |
| Other Loans | 3,092,972 |
| TOTAL LOANS | 7,715,433 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,394 |
| Land And Building | 0 |
| Other Fixed Assets | 78,478 |
| NCUSIF Deposit | 195,264 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,750,176 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,375,600 |
| Regular shares | 13,032,173 |
| All Other Shares & Deposits | 1,701,291 |
| TOTAL SHARES & DEPOSITS | 19,109,063 |
| TOTAL LIABILITIES | 19,127,097 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,623,079 |
| TOTAL EQUITY | 1,623,079 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,750,176 |
| INCOME & EXPENSE | |
| Loan Income | 374,675 |
| Investment Income | 234,811 |
| Other Income | 17,278 |
| Total Employee Compensation & Benefits | 250,176 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,424 |
| Non-operating Income & (Expense) | 7,062 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 87,587 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 85,314 |
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