Dec, 31, 2023 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $88.39 million in total assets. Opened 38 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 9,679 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 37 AVENUE B NEW YORK, NY 10009 |
| Phone: | (212) 529-8197 |
| Fax: | (212) 529-8368 |
| Website: | https://www.lespeoples.org |
| Branches: | 3 branch locations |
| Members: | 9,679 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24232 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $88,392,627 |
| CEO/Manager: | Aissatou Barry-Fall |
| Chairperson: | Jorge Vasquez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,873,741 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,329,604 |
| Unsecured Loans | 2,913,332 |
| Other Loans | 3,270,192 |
| TOTAL LOANS | 55,472,514 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -418,450 |
| Land And Building | 0 |
| Other Fixed Assets | 1,067,477 |
| NCUSIF Deposit | 622,094 |
| All Other Assets | 440,478 |
| TOTAL ASSETS | 88,392,627 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 181,745 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,577,524 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 26,292,133 |
| Regular shares | 23,447,588 |
| All Other Shares & Deposits | 16,318,199 |
| TOTAL SHARES & DEPOSITS | 66,057,920 |
| TOTAL LIABILITIES | 78,817,189 |
| Regular Reserve | 0 |
| Other Reserves | 170,351 |
| Undivided Earnings | 9,405,087 |
| TOTAL EQUITY | 9,575,438 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,392,627 |
| INCOME & EXPENSE | |
| Loan Income | 3,029,307 |
| Investment Income | 1,197,711 |
| Other Income | 801,139 |
| Total Employee Compensation & Benefits | 2,353,647 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,317,243 |
| Non-operating Income & (Expense) | 571,192 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 219,798 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 801,687 |
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