BRANCH 6000 NALC CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.branch6000cu.com for more information.
Dec, 31, 2023 — BRANCH 6000 NALC CREDIT UNION is a federally insured state chartered credit union headquartered in Amityville, NY with 1 branch location and about $9.41 million in total assets. Opened 51 years ago in 1973, BRANCH 6000 NALC CREDIT UNION has about 1,527 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRANCH 6000 NALC CREDIT UNION |
|---|---|
| Address: (Main Office) | 630 Broadway Amityville, NY 11701 |
| Phone: | (631) 789-0303 |
| Fax: | (631) 789-3540 |
| Website: | https://www.branch6000cu.com |
| Branches: | 1 branch locations |
| Members: | 1,527 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63296 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,407,050 |
| CEO/Manager: | Roger Smith |
| Chairperson: | John Cronin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,347,549 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 507,054 |
| Unsecured Loans | 1,476,758 |
| Other Loans | 1,521,380 |
| TOTAL LOANS | 3,505,192 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,082 |
| Land And Building | 0 |
| Other Fixed Assets | 5,198 |
| NCUSIF Deposit | 92,057 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,407,050 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 806,952 |
| Regular shares | 3,966,935 |
| All Other Shares & Deposits | 4,317,897 |
| TOTAL SHARES & DEPOSITS | 9,091,784 |
| TOTAL LIABILITIES | 9,102,713 |
| Regular Reserve | 0 |
| Other Reserves | -27,060 |
| Undivided Earnings | 331,397 |
| TOTAL EQUITY | 304,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,407,050 |
| INCOME & EXPENSE | |
| Loan Income | 189,423 |
| Investment Income | 22,620 |
| Other Income | 29,963 |
| Total Employee Compensation & Benefits | 115,516 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 180,454 |
| Non-operating Income & (Expense) | -236,953 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,488 |
| Cost of Funds | 16,408 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -249,033 |
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