Dec, 31, 2023 — MOOG EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in EAST AURORA, NY with 1 branch location and about $225.60 million in total assets. Opened 61 years ago in 1963, MOOG EMPLOYEES FEDERAL CREDIT UNION has about 8,606 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOOG EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7181 SENECA St EAST AURORA, NY 14052-0018 |
| Phone: | (716) 655-2360 |
| Fax: | (716) 655-1675 |
| Website: | https://www.moogfcu.com |
| Branches: | 1 branch locations |
| Members: | 8,606 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15669 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $225,601,619 |
| CEO/Manager: | FRANK A DUMOND |
| Chairperson: | PETER A SCHNITZLER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,517,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,160,930 |
| Unsecured Loans | 3,038,416 |
| Other Loans | 17,996,842 |
| TOTAL LOANS | 100,196,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -983,327 |
| Land And Building | 3,985,143 |
| Other Fixed Assets | 270,044 |
| NCUSIF Deposit | 1,693,103 |
| All Other Assets | 0 |
| TOTAL ASSETS | 225,601,619 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 178,612 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 142,379 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,327,727 |
| Regular shares | 94,253,142 |
| All Other Shares & Deposits | 45,998,467 |
| TOTAL SHARES & DEPOSITS | 169,579,336 |
| TOTAL LIABILITIES | 169,900,327 |
| Regular Reserve | 0 |
| Other Reserves | 13,181,786 |
| Undivided Earnings | 42,519,506 |
| TOTAL EQUITY | 55,701,292 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 225,601,619 |
| INCOME & EXPENSE | |
| Loan Income | 3,791,729 |
| Investment Income | 4,636,743 |
| Other Income | 95,936 |
| Total Employee Compensation & Benefits | 1,210,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,363,651 |
| Non-operating Income & (Expense) | 283,394 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 728,945 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,505,026 |
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