Dec, 31, 2023 — CFCU COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ITHACA, NY with 14 branch locations and about $1.45 billion in total assets. Opened 71 years ago in 1953, CFCU COMMUNITY CREDIT UNION has about 80,057 members and employs 229 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CFCU COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1030 Craft Rd ITHACA, NY 14850 |
Phone: | (607) 257-8500 |
Fax: | (607) 257-8217 |
Website: | https://www.mycfcu.com |
Branches: | 14 branch locations |
Members: | 80,057 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68322 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,453,307,860 |
CEO/Manager: | Lisa L Whitaker |
Chairperson: | Amy L Wood Gonzalez |
ASSETS: | $ Amount |
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Cash & Equivalents | 136,704,258 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 381,000 |
Real Estate Loans | 659,616,533 |
Unsecured Loans | 46,798,413 |
Other Loans | 338,734,179 |
TOTAL LOANS | 1,051,141,770 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,786,907 |
Land And Building | 4,620,219 |
Other Fixed Assets | 9,738,348 |
NCUSIF Deposit | 11,116,210 |
All Other Assets | 223,984 |
TOTAL ASSETS | 1,453,307,860 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,843 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 31,612,296 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 359,444,331 |
Regular shares | 450,508,619 |
All Other Shares & Deposits | 438,140,760 |
TOTAL SHARES & DEPOSITS | 1,248,093,710 |
TOTAL LIABILITIES | 1,279,714,849 |
Regular Reserve | 0 |
Other Reserves | -6,583,055 |
Undivided Earnings | 180,176,066 |
TOTAL EQUITY | 173,593,011 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,453,307,860 |
INCOME & EXPENSE | |
Loan Income | 47,647,902 |
Investment Income | 7,461,280 |
Other Income | 10,715,412 |
Total Employee Compensation & Benefits | 25,561,047 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,975,796 |
Non-operating Income & (Expense) | -909,928 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,847,530 |
Cost of Funds | 9,389,683 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,376,164 |
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