Dec, 31, 2023 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 6 branch locations and about $342.50 million in total assets. Opened 88 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 15,801 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NASSAU FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2575 Hempstead Tpke EAST MEADOW, NY 11554-2156 |
| Phone: | (516) 742-4900 |
| Fax: | (516) 796-4901 |
| Website: | https://www.nassaufinancial.org |
| Branches: | 6 branch locations |
| Members: | 15,801 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1404 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $342,503,830 |
| CEO/Manager: | John T DeCelle |
| Chairperson: | Everett Boccafola |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,343,296 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 148,190,504 |
| Unsecured Loans | 17,307,836 |
| Other Loans | 34,552,264 |
| TOTAL LOANS | 200,050,604 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,214,479 |
| Land And Building | 5,612,569 |
| Other Fixed Assets | 11,831,877 |
| NCUSIF Deposit | 3,301,554 |
| All Other Assets | 1,048,239 |
| TOTAL ASSETS | 342,503,830 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 4,216,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,135,075 |
| Regular shares | 110,588,412 |
| All Other Shares & Deposits | 154,706,865 |
| TOTAL SHARES & DEPOSITS | 327,430,352 |
| TOTAL LIABILITIES | 334,646,641 |
| Regular Reserve | 0 |
| Other Reserves | -12,432,231 |
| Undivided Earnings | 20,289,420 |
| TOTAL EQUITY | 7,857,189 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 342,503,830 |
| INCOME & EXPENSE | |
| Loan Income | 9,916,259 |
| Investment Income | 2,459,262 |
| Other Income | 2,123,718 |
| Total Employee Compensation & Benefits | 5,604,668 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,982,433 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,858,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 756,967 |
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