Dec, 31, 2023 — AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE CENTRE, NY with 7 branch locations and about $123.73 million in total assets. Opened 57 years ago in 1967, AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION has about 7,435 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 7 Front St ROCKVILLE CENTRE, NY 11570 |
Phone: | (516) 763-7505 |
Fax: | (516) 763-7555 |
Website: | https://www.abefcu.org |
Branches: | 7 branch locations |
Members: | 7,435 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18273 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $123,732,757 |
CEO/Manager: | Jaime L Herrera |
Chairperson: | Michael Cullen |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,479,836 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,551,137 |
Unsecured Loans | 8,047,762 |
Other Loans | 12,194,772 |
TOTAL LOANS | 73,793,670 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,800 |
Land And Building | 1,841,194 |
Other Fixed Assets | 148,105 |
NCUSIF Deposit | 975,688 |
All Other Assets | 0 |
TOTAL ASSETS | 123,732,757 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 21,317 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,762,515 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,194,897 |
Regular shares | 41,570,801 |
All Other Shares & Deposits | 40,995,777 |
TOTAL SHARES & DEPOSITS | 107,761,474 |
TOTAL LIABILITIES | 111,545,306 |
Regular Reserve | 0 |
Other Reserves | 3,749,317 |
Undivided Earnings | 8,438,134 |
TOTAL EQUITY | 12,187,451 |
TOTAL LIABILITIES, SHARES, & EQUITY | 123,732,757 |
INCOME & EXPENSE | |
Loan Income | 3,565,976 |
Investment Income | 2,086,009 |
Other Income | 675,867 |
Total Employee Compensation & Benefits | 2,566,255 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,841,521 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
Cost of Funds | 638,494 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,266,023 |
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