Dec, 31, 2023 — GOOD NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in DEPEW, NY with 3 branch locations and about $94.43 million in total assets. Opened 67 years ago in 1957, GOOD NEIGHBORS FEDERAL CREDIT UNION has about 9,991 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOOD NEIGHBORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 Brunswick Rd DEPEW, NY 14043 |
| Phone: | (716) 681-1460 |
| Fax: | (716) 681-5811 |
| Website: | https://www.goodneighborscu.com |
| Branches: | 3 branch locations |
| Members: | 9,991 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11663 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $94,426,012 |
| CEO/Manager: | Emma Smalley |
| Chairperson: | Aaron Ruda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,898,083 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,716,202 |
| Unsecured Loans | 5,657,386 |
| Other Loans | 29,847,100 |
| TOTAL LOANS | 64,220,688 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -547,830 |
| Land And Building | 1,859,212 |
| Other Fixed Assets | 205,812 |
| NCUSIF Deposit | 862,558 |
| All Other Assets | 37,482 |
| TOTAL ASSETS | 94,426,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 484,379 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,112,701 |
| Regular shares | 50,580,815 |
| All Other Shares & Deposits | 20,539,194 |
| TOTAL SHARES & DEPOSITS | 85,232,710 |
| TOTAL LIABILITIES | 85,717,089 |
| Regular Reserve | 0 |
| Other Reserves | 555,622 |
| Undivided Earnings | 8,153,301 |
| TOTAL EQUITY | 8,708,923 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,426,012 |
| INCOME & EXPENSE | |
| Loan Income | 3,902,886 |
| Investment Income | 309,682 |
| Other Income | 672,864 |
| Total Employee Compensation & Benefits | 2,184,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,110,060 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 307,249 |
| Cost of Funds | 610,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 294,293 |
| ↑ Back to Top | |