Dec, 31, 2023 — C C S E FEDERAL CREDIT UNION is a federal credit union headquartered in SALAMANCA, NY with 2 branch locations and about $57.13 million in total assets. Opened 47 years ago in 1977, C C S E FEDERAL CREDIT UNION has about 5,638 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | C C S E FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 417 Broad St SALAMANCA, NY 14779 |
| Phone: | (716) 945-5340 |
| Fax: | (716) 945-5351 |
| Website: | https://www.ccseonline.com |
| Branches: | 2 branch locations |
| Members: | 5,638 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22754 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,130,844 |
| CEO/Manager: | Ginger c Haley |
| Chairperson: | Dale Colton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,912,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,241,702 |
| Unsecured Loans | 2,977,224 |
| Other Loans | 14,110,024 |
| TOTAL LOANS | 25,328,950 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,004 |
| Land And Building | 342,091 |
| Other Fixed Assets | 143,576 |
| NCUSIF Deposit | 529,115 |
| All Other Assets | 0 |
| TOTAL ASSETS | 57,130,844 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,155 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,550,684 |
| Regular shares | 25,680,796 |
| All Other Shares & Deposits | 13,580,274 |
| TOTAL SHARES & DEPOSITS | 51,811,755 |
| TOTAL LIABILITIES | 51,819,910 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,310,934 |
| TOTAL EQUITY | 5,310,934 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,130,844 |
| INCOME & EXPENSE | |
| Loan Income | 1,122,004 |
| Investment Income | 689,345 |
| Other Income | 254,630 |
| Total Employee Compensation & Benefits | 754,879 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,073,857 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,643 |
| Cost of Funds | 310,092 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 382,943 |
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