Dec, 31, 2023 — INNER LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in WESTFIELD, NY with 5 branch locations and about $140.08 million in total assets. Opened 72 years ago in 1952, INNER LAKES FEDERAL CREDIT UNION has about 10,126 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INNER LAKES FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 19-21 E Main St WESTFIELD, NY 14787-1319 |
Phone: | (716) 326-3858 |
Fax: | (716) 326-7550 |
Website: | https://www.innerlakesfcu.org |
Branches: | 5 branch locations |
Members: | 10,126 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7717 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $140,077,228 |
CEO/Manager: | Travis Heiser |
Chairperson: | William Bills |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 13,195,050 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,542,721 |
Unsecured Loans | 11,688,336 |
Other Loans | 30,066,134 |
TOTAL LOANS | 55,297,191 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -543,501 |
Land And Building | 892,951 |
Other Fixed Assets | 176,436 |
NCUSIF Deposit | 1,328,009 |
All Other Assets | 0 |
TOTAL ASSETS | 140,077,228 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 336,565 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,724,206 |
Regular shares | 67,311,596 |
All Other Shares & Deposits | 41,301,760 |
TOTAL SHARES & DEPOSITS | 135,337,562 |
TOTAL LIABILITIES | 135,674,127 |
Regular Reserve | 0 |
Other Reserves | -8,688,648 |
Undivided Earnings | 13,091,749 |
TOTAL EQUITY | 4,403,101 |
TOTAL LIABILITIES, SHARES, & EQUITY | 140,077,228 |
INCOME & EXPENSE | |
Loan Income | 2,848,348 |
Investment Income | 2,432,555 |
Other Income | 345,869 |
Total Employee Compensation & Benefits | 1,554,658 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,843,456 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 156,777 |
Cost of Funds | 1,203,000 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,407,454 |
↑ Back to Top |