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CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION

Dec, 31, 2023 — CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CLARENCE, NY with 2 branch locations and about $40.51 million in total assets. Opened 70 years ago in 1954, CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION has about 3,072 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION
Address:
(Main Office)
9145 Sheridan Dr
CLARENCE, NY 14031
Phone:(716) 630-0888
Fax:(716) 633-2407
Website:https://www.northtownsfcu.com
Branches:2 branch locations
Members:3,072
Credit Union Type:Federal Credit Union
Charter Number:9812
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$40,511,434
CEO/Manager:Rebecca L Smith
Chairperson:Clarence (Joe) J Daigler

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,978,469
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,150,439
 Unsecured Loans 1,822,924
 Other Loans 13,843,911
 TOTAL LOANS 25,817,274
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -124,112
 Land And Building 2,123,260
 Other Fixed Assets 271,518
 NCUSIF Deposit 318,633
 All Other Assets 0
  TOTAL ASSETS 40,511,434
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 70,894
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,390,662
 Regular shares 17,630,668
 All Other Shares & Deposits 13,746,541
  TOTAL SHARES & DEPOSITS 36,767,871
  TOTAL LIABILITIES 36,838,765
 Regular Reserve 0
 Other Reserves 387,849
 Undivided Earnings 3,284,820
  TOTAL EQUITY 3,672,669
  TOTAL LIABILITIES, SHARES, & EQUITY 40,511,434
INCOME & EXPENSE  
 Loan Income 1,364,788
 Investment Income 232,182
 Other Income 75,896
 Total Employee Compensation & Benefits 395,775
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 666,729
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 71,522
 Cost of Funds 438,786
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 229,648
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