Dec, 31, 2023 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $472.10 million in total assets. Opened 87 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 36,178 members and employs 123 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NEW YORK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Wall St ALBANY, NY 12205-3845 |
| Phone: | (518) 393-1326 |
| Fax: | |
| Website: | https://www.firstnewyork.org |
| Branches: | 8 branch locations |
| Members: | 36,178 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2440 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $472,098,400 |
| CEO/Manager: | Lucy M Halstead |
| Chairperson: | Brian Krawiecki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,478,254 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 186,166,848 |
| Unsecured Loans | 24,415,243 |
| Other Loans | 89,687,462 |
| TOTAL LOANS | 323,042,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,658,089 |
| Land And Building | 9,063,728 |
| Other Fixed Assets | 3,661,668 |
| NCUSIF Deposit | 4,001,601 |
| All Other Assets | 24,056 |
| TOTAL ASSETS | 472,098,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 11,000,000 |
| Accounts Payable & Other Liabilities | 8,428,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 91,991,609 |
| Regular shares | 211,975,619 |
| All Other Shares & Deposits | 114,741,540 |
| TOTAL SHARES & DEPOSITS | 418,708,768 |
| TOTAL LIABILITIES | 438,137,175 |
| Regular Reserve | 0 |
| Other Reserves | -8,287,627 |
| Undivided Earnings | 42,248,852 |
| TOTAL EQUITY | 33,961,225 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 472,098,400 |
| INCOME & EXPENSE | |
| Loan Income | 15,244,768 |
| Investment Income | 2,965,072 |
| Other Income | 2,288,496 |
| Total Employee Compensation & Benefits | 8,937,677 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,221,243 |
| Non-operating Income & (Expense) | -28,125 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 994,656 |
| Cost of Funds | 1,394,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,447,806 |
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