Dec, 31, 2023 — LONG ISLAND ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 2 branch locations and about $16.34 million in total assets. Opened 86 years ago in 1938, LONG ISLAND ALLIANCE FEDERAL CREDIT UNION has about 2,009 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: | LONG ISLAND ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 Veterans Hwy HAUPPAUGE, NY 11788-5500 |
| Phone: | (631) 291-9160 |
| Fax: | (631) 360-3620 |
| Website: | https://www.liafcu.org |
| Branches: | 2 branch locations |
| Members: | 2,009 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2782 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,338,356 |
| CEO/Manager: | Joyce L Miller |
| Chairperson: | IAN FRANCIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,459,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 773,381 |
| Unsecured Loans | 1,141,193 |
| Other Loans | 830,766 |
| TOTAL LOANS | 2,745,340 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,884 |
| Land And Building | 0 |
| Other Fixed Assets | 5,507 |
| NCUSIF Deposit | 148,503 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,338,356 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,301 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,117 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,041,701 |
| Regular shares | 8,782,236 |
| All Other Shares & Deposits | 1,730,075 |
| TOTAL SHARES & DEPOSITS | 14,554,012 |
| TOTAL LIABILITIES | 14,618,430 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,719,926 |
| TOTAL EQUITY | 1,719,926 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,338,356 |
| INCOME & EXPENSE | |
| Loan Income | 264,948 |
| Investment Income | 454,636 |
| Other Income | 78,226 |
| Total Employee Compensation & Benefits | 209,597 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 294,376 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,000 |
| Cost of Funds | 38,781 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 216,223 |
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