Dec, 31, 2023 — EDUCATIONAL AND GOVERNMENTAL FEDERAL CREDIT UNION is a federal credit union headquartered in HARTSDALE, NY with 2 branch locations and about $54.71 million in total assets. Opened 87 years ago in 1937, EDUCATIONAL AND GOVERNMENTAL FEDERAL CREDIT UNION has about 5,807 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATIONAL AND GOVERNMENTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 N Central Ave Fl 2 HARTSDALE, NY 10530-1811 |
| Phone: | (914) 946-6200 |
| Fax: | (914) 946-2910 |
| Website: | https://www.egefcu.com |
| Branches: | 2 branch locations |
| Members: | 5,807 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2346 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,712,536 |
| CEO/Manager: | Garrett R Gizowski |
| Chairperson: | Rochelle Retleff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,861,065 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,441,761 |
| Unsecured Loans | 4,874,493 |
| Other Loans | 5,502,794 |
| TOTAL LOANS | 13,819,048 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -114,439 |
| Land And Building | 133,393 |
| Other Fixed Assets | 16,189 |
| NCUSIF Deposit | 529,628 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,712,536 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,068 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 265,485 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,297,476 |
| Regular shares | 34,294,911 |
| All Other Shares & Deposits | 10,027,867 |
| TOTAL SHARES & DEPOSITS | 49,620,254 |
| TOTAL LIABILITIES | 49,894,807 |
| Regular Reserve | 0 |
| Other Reserves | -388,032 |
| Undivided Earnings | 5,205,761 |
| TOTAL EQUITY | 4,817,729 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,712,536 |
| INCOME & EXPENSE | |
| Loan Income | 845,706 |
| Investment Income | 764,542 |
| Other Income | 192,994 |
| Total Employee Compensation & Benefits | 1,001,098 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,098,006 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,995 |
| Cost of Funds | 73,373 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -369,763 |
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