Dec, 31, 2023 — ED-MED FEDERAL CREDIT UNION is a federal credit union headquartered in OGDENSBURG, NY with 1 branch location and about $29.72 million in total assets. Opened 65 years ago in 1959, ED-MED FEDERAL CREDIT UNION has about 2,084 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ED-MED FEDERAL CREDIT UNION |
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Address: (Main Office) | 601 FORD ST OGDENSBURG, NY 13669 |
Phone: | (315) 393-2873 |
Fax: | (315) 393-2880 |
Website: | https://edmedfcu.com |
Branches: | 1 branch locations |
Members: | 2,084 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13186 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,720,336 |
CEO/Manager: | MICHAEL S BRASHAW |
Chairperson: | JEFFREY A SMITH |
ASSETS: | $ Amount |
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Cash & Equivalents | 239,879 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,512,644 |
Other Loans | 9,961,717 |
TOTAL LOANS | 12,474,361 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,927 |
Land And Building | 133,082 |
Other Fixed Assets | 50,311 |
NCUSIF Deposit | 282,369 |
All Other Assets | 0 |
TOTAL ASSETS | 29,720,336 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 42,292 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,693 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,732,596 |
Regular shares | 13,769,352 |
All Other Shares & Deposits | 10,603,668 |
TOTAL SHARES & DEPOSITS | 26,105,616 |
TOTAL LIABILITIES | 26,163,601 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,556,735 |
TOTAL EQUITY | 3,556,735 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,720,336 |
INCOME & EXPENSE | |
Loan Income | 536,977 |
Investment Income | 455,449 |
Other Income | 13,667 |
Total Employee Compensation & Benefits | 274,475 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 169,825 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,786 |
Cost of Funds | 218,202 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 342,892 |
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