Dec, 31, 2023 — FIRST FRONTIER FEDERAL CREDIT UNION is a federal credit union headquartered in LYNBROOK, NY with 1 branch location and about $495,532 in total assets. Opened 38 years ago in 1986, FIRST FRONTIER FEDERAL CREDIT UNION has about 129 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST FRONTIER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 155 Sherman St LYNBROOK, NY 11563-2038 |
| Phone: | (516) 599-8243 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 129 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24270 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $495,532 |
| CEO/Manager: | Daniel P Maloney |
| Chairperson: | Cecil P Maloney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 119,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 308,288 |
| Other Loans | 0 |
| TOTAL LOANS | 308,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,935 |
| Land And Building | 0 |
| Other Fixed Assets | 1,096 |
| NCUSIF Deposit | 4,213 |
| All Other Assets | 0 |
| TOTAL ASSETS | 495,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 369,701 |
| All Other Shares & Deposits | 48,599 |
| TOTAL SHARES & DEPOSITS | 418,301 |
| TOTAL LIABILITIES | 418,301 |
| Regular Reserve | 0 |
| Other Reserves | 25,028 |
| Undivided Earnings | 52,203 |
| TOTAL EQUITY | 77,231 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 495,532 |
| INCOME & EXPENSE | |
| Loan Income | 13,096 |
| Investment Income | 5,102 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,761 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,331 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,106 |
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