EDGE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.edgefcu.org for more information.
Dec, 31, 2023 — EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in LIVERPOOL, NY with 1 branch location and about $61.46 million in total assets. Opened 68 years ago in 1956, EDGE FEDERAL CREDIT UNION has about 3,333 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7545 MORGAN ROAD LIVERPOOL, NY 13090-3538 |
| Phone: | (315) 451-0105 |
| Fax: | (315) 451-2367 |
| Website: | https://www.edgefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,333 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11457 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $61,463,360 |
| CEO/Manager: | Theresa Lotito-Camerino |
| Chairperson: | Mark Cardone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,410,183 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,913,627 |
| Unsecured Loans | 4,523,302 |
| Other Loans | 5,711,245 |
| TOTAL LOANS | 19,148,174 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -117,013 |
| Land And Building | 706,765 |
| Other Fixed Assets | 210,156 |
| NCUSIF Deposit | 539,793 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,463,360 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 716,648 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,966,792 |
| Regular shares | 39,644,066 |
| All Other Shares & Deposits | 3,738,117 |
| TOTAL SHARES & DEPOSITS | 54,348,975 |
| TOTAL LIABILITIES | 55,065,623 |
| Regular Reserve | 0 |
| Other Reserves | 638,710 |
| Undivided Earnings | 5,759,027 |
| TOTAL EQUITY | 6,397,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,463,360 |
| INCOME & EXPENSE | |
| Loan Income | 702,616 |
| Investment Income | 556,540 |
| Other Income | 101,655 |
| Total Employee Compensation & Benefits | 532,983 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 832,741 |
| Non-operating Income & (Expense) | 208,951 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,163 |
| Cost of Funds | 32,430 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,445 |
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