Dec, 31, 2023 — BROCKPORT FEDERAL CREDIT UNION is a federal credit union headquartered in BROCKPORT, NY with 2 branch locations and about $15.51 million in total assets. Opened 54 years ago in 1970, BROCKPORT FEDERAL CREDIT UNION has about 1,294 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROCKPORT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 West Ave BROCKPORT, NY 14420-1122 |
| Phone: | (585) 637-9179 |
| Fax: | (585) 637-9170 |
| Website: | https://www.brockportfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,294 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20013 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,508,961 |
| CEO/Manager: | Matthew E Wieczorek |
| Chairperson: | Susan Parrino |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 214,360 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,578,434 |
| Unsecured Loans | 1,059,583 |
| Other Loans | 3,114,838 |
| TOTAL LOANS | 8,752,857 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,259 |
| Land And Building | 385,810 |
| Other Fixed Assets | 4,186 |
| NCUSIF Deposit | 133,912 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,508,961 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,999 |
| Notes & Interest Payable | 400,000 |
| Accounts Payable & Other Liabilities | 75,315 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,594,670 |
| Regular shares | 7,054,292 |
| All Other Shares & Deposits | 4,155,848 |
| TOTAL SHARES & DEPOSITS | 13,804,810 |
| TOTAL LIABILITIES | 14,297,124 |
| Regular Reserve | 0 |
| Other Reserves | 78,698 |
| Undivided Earnings | 1,133,139 |
| TOTAL EQUITY | 1,211,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,508,961 |
| INCOME & EXPENSE | |
| Loan Income | 574,849 |
| Investment Income | 85,957 |
| Other Income | 105,505 |
| Total Employee Compensation & Benefits | 208,872 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 528,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,000 |
| Cost of Funds | 104,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 238 |
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