Dec, 31, 2023 — KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $62.80 million in total assets. Opened 89 years ago in 1935, KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION has about 3,767 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2265 Sheridan Dr BUFFALO, NY 14223-1531 |
| Phone: | (716) 877-1630 |
| Fax: | (716) 877-6456 |
| Website: | https://kenteachfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,767 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 858 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,802,063 |
| CEO/Manager: | Cheryl L Scott |
| Chairperson: | Richard A Duquin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,733,834 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,852,952 |
| Unsecured Loans | 2,329,172 |
| Other Loans | 5,891,317 |
| TOTAL LOANS | 28,073,441 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,904 |
| Land And Building | 1,640,053 |
| Other Fixed Assets | 36,356 |
| NCUSIF Deposit | 595,623 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,802,063 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 347,903 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,580,365 |
| Regular shares | 40,082,220 |
| All Other Shares & Deposits | 6,375,418 |
| TOTAL SHARES & DEPOSITS | 57,038,003 |
| TOTAL LIABILITIES | 57,385,906 |
| Regular Reserve | 0 |
| Other Reserves | 302,500 |
| Undivided Earnings | 5,113,657 |
| TOTAL EQUITY | 5,416,157 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,802,063 |
| INCOME & EXPENSE | |
| Loan Income | 1,134,106 |
| Investment Income | 826,070 |
| Other Income | 95,665 |
| Total Employee Compensation & Benefits | 578,942 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 602,161 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 315,053 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 558,853 |
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