Dec, 31, 2023 — LEXINGTON AVENUE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 2 branch locations and about $20.06 million in total assets. Opened 65 years ago in 1959, LEXINGTON AVENUE FEDERAL CREDIT UNION has about 3,101 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LEXINGTON AVENUE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1275 Lexington Ave ROCHESTER, NY 14606 |
Phone: | (585) 254-4543 |
Fax: | (585) 254-0984 |
Website: | https://www.lexfcu.org |
Branches: | 2 branch locations |
Members: | 3,101 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12833 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,056,630 |
CEO/Manager: | Aaron W King |
Chairperson: | Lou Pestilli |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,447,048 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,566,345 |
Unsecured Loans | 1,651,205 |
Other Loans | 10,812,849 |
TOTAL LOANS | 18,030,399 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,580 |
Land And Building | 122,790 |
Other Fixed Assets | 18,377 |
NCUSIF Deposit | 194,107 |
All Other Assets | 0 |
TOTAL ASSETS | 20,056,630 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 105,285 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,295,600 |
Regular shares | 5,335,394 |
All Other Shares & Deposits | 11,115,686 |
TOTAL SHARES & DEPOSITS | 18,746,680 |
TOTAL LIABILITIES | 18,851,965 |
Regular Reserve | 0 |
Other Reserves | 751,045 |
Undivided Earnings | 453,620 |
TOTAL EQUITY | 1,204,665 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,056,630 |
INCOME & EXPENSE | |
Loan Income | 912,704 |
Investment Income | 12,258 |
Other Income | 162,583 |
Total Employee Compensation & Benefits | 392,549 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 605,548 |
Non-operating Income & (Expense) | 743 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,501 |
Cost of Funds | 427,209 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -345,009 |
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