Dec, 31, 2023 — CROSSROADS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 2 branch locations and about $86.21 million in total assets. Opened 86 years ago in 1938, CROSSROADS COMMUNITY FEDERAL CREDIT UNION has about 5,677 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CROSSROADS COMMUNITY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3031 William St CHEEKTOWAGA, NY 14227 |
Phone: | (716) 896-8084 |
Fax: | (716) 896-8086 |
Website: | https://www.crcfcu.com |
Branches: | 2 branch locations |
Members: | 5,677 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2508 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $86,212,783 |
CEO/Manager: | Jeffrey A Murbach |
Chairperson: | Joseph J Porempski |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 12,675,374 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,750,114 |
Unsecured Loans | 2,631,202 |
Other Loans | 9,543,490 |
TOTAL LOANS | 25,924,806 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -238,120 |
Land And Building | 248,377 |
Other Fixed Assets | 35,983 |
NCUSIF Deposit | 768,517 |
All Other Assets | 0 |
TOTAL ASSETS | 86,212,783 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 107,152 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,203,485 |
Regular shares | 51,794,508 |
All Other Shares & Deposits | 12,091,974 |
TOTAL SHARES & DEPOSITS | 75,089,966 |
TOTAL LIABILITIES | 75,197,118 |
Regular Reserve | 0 |
Other Reserves | 1,803,331 |
Undivided Earnings | 9,212,334 |
TOTAL EQUITY | 11,015,665 |
TOTAL LIABILITIES, SHARES, & EQUITY | 86,212,783 |
INCOME & EXPENSE | |
Loan Income | 1,190,465 |
Investment Income | 1,723,478 |
Other Income | 146,542 |
Total Employee Compensation & Benefits | 762,451 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 836,697 |
Non-operating Income & (Expense) | 42,587 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,655 |
Cost of Funds | 701,426 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 873,712 |
↑ Back to Top |