Dec, 31, 2023 — BUFFALO METROPOLITAN FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $139.00 million in total assets. Opened 87 years ago in 1937, BUFFALO METROPOLITAN FEDERAL CREDIT UNION has about 16,100 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BUFFALO METROPOLITAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 62 S Elmwood Ave BUFFALO, NY 14202-2609 |
Phone: | (716) 847-6960 |
Fax: | (716) 847-6996 |
Website: | https://www.bflometrocu.org |
Branches: | 1 branch locations |
Members: | 16,100 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2209 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $138,997,633 |
CEO/Manager: | Jeanne Stadler |
Chairperson: | Danielle Sullivan |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,553,162 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,856,213 |
Unsecured Loans | 19,461,132 |
Other Loans | 42,454,725 |
TOTAL LOANS | 121,772,070 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -727,244 |
Land And Building | 2,550,377 |
Other Fixed Assets | 232,274 |
NCUSIF Deposit | 1,292,866 |
All Other Assets | 0 |
TOTAL ASSETS | 138,997,633 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 62,200 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 199,384 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,740,307 |
Regular shares | 72,801,886 |
All Other Shares & Deposits | 24,086,237 |
TOTAL SHARES & DEPOSITS | 124,628,430 |
TOTAL LIABILITIES | 124,890,014 |
Regular Reserve | 0 |
Other Reserves | -220,339 |
Undivided Earnings | 14,327,958 |
TOTAL EQUITY | 14,107,619 |
TOTAL LIABILITIES, SHARES, & EQUITY | 138,997,633 |
INCOME & EXPENSE | |
Loan Income | 6,372,556 |
Investment Income | 383,254 |
Other Income | 1,657,970 |
Total Employee Compensation & Benefits | 4,217,533 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,926,911 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 891,839 |
Cost of Funds | 336,302 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,058,988 |
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