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BECCO BUFFALO FEDERAL CREDIT UNION

Dec, 31, 2023 — BECCO BUFFALO FEDERAL CREDIT UNION is a federal credit union headquartered in TONAWANDA, NY with 1 branch location and about $1.10 million in total assets. Opened 69 years ago in 1955, BECCO BUFFALO FEDERAL CREDIT UNION has about 155 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BECCO BUFFALO FEDERAL CREDIT UNION
Address:
(Main Office)
PeroxyChem LLC
TONAWANDA, NY 14150
Phone:(716) 879-0415
Fax:(716) 879-0467
Website:n/a
Branches:1 branch locations
Members:155
Credit Union Type:Federal Credit Union
Charter Number:10225
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,102,849
CEO/Manager:Guy A DeMarie
Chairperson:Nicholas C Batcho

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 74,625
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 106,682
 Other Loans 555,003
 TOTAL LOANS 661,685
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,576
 Land And Building 0
 Other Fixed Assets 817
 NCUSIF Deposit 10,676
 All Other Assets 0
  TOTAL ASSETS 1,102,849
LIABILITIES & CAPITAL:  
 Dividends Payable 785
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,861
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 885,669
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 885,669
  TOTAL LIABILITIES 891,315
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 211,534
  TOTAL EQUITY 211,534
  TOTAL LIABILITIES, SHARES, & EQUITY 1,102,849
INCOME & EXPENSE  
 Loan Income 24,728
 Investment Income 18,083
 Other Income 101
 Total Employee Compensation & Benefits 10,733
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 22,805
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,346
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,028
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