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AMHERST FEDERAL CREDIT UNION

Dec, 31, 2023 — AMHERST FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSVILLE, NY with 1 branch location and about $40.55 million in total assets. Opened 77 years ago in 1947, AMHERST FEDERAL CREDIT UNION has about 3,954 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:AMHERST FEDERAL CREDIT UNION
Address:
(Main Office)
6470 Main St
WILLIAMSVILLE, NY 14221-5851
Phone:(716) 634-3881
Fax:(716) 634-1272
Website:https://www.amherstcu.org
Branches:1 branch locations
Members:3,954
Credit Union Type:Federal Credit Union
Charter Number:5439
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$40,547,139
CEO/Manager:Keri A Walczyk
Chairperson:James Fregelette

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,027,293
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,778,398
 Unsecured Loans 2,240,965
 Other Loans 11,191,587
 TOTAL LOANS 23,210,950
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -121,127
 Land And Building 151,371
 Other Fixed Assets 14,375
 NCUSIF Deposit 382,463
 All Other Assets 0
  TOTAL ASSETS 40,547,139
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,036
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,940,584
 Regular shares 27,817,091
 All Other Shares & Deposits 2,493,342
  TOTAL SHARES & DEPOSITS 37,251,017
  TOTAL LIABILITIES 37,277,053
 Regular Reserve 0
 Other Reserves -215,780
 Undivided Earnings 3,485,866
  TOTAL EQUITY 3,270,086
  TOTAL LIABILITIES, SHARES, & EQUITY 40,547,139
INCOME & EXPENSE  
 Loan Income 949,301
 Investment Income 235,920
 Other Income 81,514
 Total Employee Compensation & Benefits 473,919
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 654,873
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 63,793
 Cost of Funds 87,699
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 127,423
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