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ED-MED FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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