Dec, 31, 2023 — COMMUNITY RESOURCE FEDERAL CREDIT UNION is a federal credit union headquartered in LATHAM, NY with 2 branch locations and about $113.90 million in total assets. Opened 89 years ago in 1935, COMMUNITY RESOURCE FEDERAL CREDIT UNION has about 6,653 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY RESOURCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 20 Wade Rd LATHAM, NY 12110-3520 |
Phone: | (518) 783-2211 |
Fax: | (518) 783-2266 |
Website: | https://www.communityresourcefcu.com |
Branches: | 2 branch locations |
Members: | 6,653 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 770 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $113,898,637 |
CEO/Manager: | Terry Langlois |
Chairperson: | Thomas H Ellis |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,897,450 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,826,193 |
Unsecured Loans | 7,139,552 |
Other Loans | 43,470,069 |
TOTAL LOANS | 85,435,814 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -408,726 |
Land And Building | 2,544,339 |
Other Fixed Assets | 186,480 |
NCUSIF Deposit | 930,043 |
All Other Assets | 8,500 |
TOTAL ASSETS | 113,898,637 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 353,014 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,955,923 |
Regular shares | 22,655,661 |
All Other Shares & Deposits | 65,344,189 |
TOTAL SHARES & DEPOSITS | 99,955,772 |
TOTAL LIABILITIES | 100,308,792 |
Regular Reserve | 0 |
Other Reserves | -259,477 |
Undivided Earnings | 13,849,322 |
TOTAL EQUITY | 13,589,845 |
TOTAL LIABILITIES, SHARES, & EQUITY | 113,898,637 |
INCOME & EXPENSE | |
Loan Income | 4,133,007 |
Investment Income | 932,214 |
Other Income | 166,525 |
Total Employee Compensation & Benefits | 2,269,121 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,437,496 |
Non-operating Income & (Expense) | 9,320 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,163 |
Cost of Funds | 1,633,049 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 316,944 |
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