Dec, 31, 2023 — DANNEMORA FEDERAL CREDIT UNION is a federal credit union headquartered in PLATTSBURGH, NY with 5 branch locations and about $302.12 million in total assets. Opened 66 years ago in 1958, DANNEMORA FEDERAL CREDIT UNION has about 21,698 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DANNEMORA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 342 Tom Miller Rd PLATTSBURGH, NY 12901 |
| Phone: | (518) 825-0323 |
| Fax: | |
| Website: | https://dfcu.net |
| Branches: | 5 branch locations |
| Members: | 21,698 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12473 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $302,120,901 |
| CEO/Manager: | Christopher J Hay |
| Chairperson: | Philip H Maynard Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,971,741 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 102,662,268 |
| Unsecured Loans | 10,278,704 |
| Other Loans | 91,076,587 |
| TOTAL LOANS | 204,017,559 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -814,421 |
| Land And Building | 4,437,273 |
| Other Fixed Assets | 203,735 |
| NCUSIF Deposit | 2,426,830 |
| All Other Assets | 0 |
| TOTAL ASSETS | 302,120,901 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,987 |
| Notes & Interest Payable | 24,200,000 |
| Accounts Payable & Other Liabilities | 1,630,891 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,688,953 |
| Regular shares | 133,731,615 |
| All Other Shares & Deposits | 50,565,345 |
| TOTAL SHARES & DEPOSITS | 248,985,913 |
| TOTAL LIABILITIES | 274,820,475 |
| Regular Reserve | 0 |
| Other Reserves | -9,374,429 |
| Undivided Earnings | 36,674,855 |
| TOTAL EQUITY | 27,300,426 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 302,120,901 |
| INCOME & EXPENSE | |
| Loan Income | 9,537,729 |
| Investment Income | 2,340,840 |
| Other Income | 914,330 |
| Total Employee Compensation & Benefits | 3,445,568 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,686,906 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,684 |
| Cost of Funds | 2,245,015 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,293,021 |
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