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 |
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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 |
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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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,547,139 |
CEO/Manager: | Keri A Walczyk |
Chairperson: | James Fregelette |
ASSETS: | $ Amount |
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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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