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NEW COVENANT DOMINION FEDERAL CREDIT UNION

Dec, 31, 2023 — NEW COVENANT DOMINION FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 2 branch locations and about $3.46 million in total assets. Opened 17 years ago in 2007, NEW COVENANT DOMINION FEDERAL CREDIT UNION has about 539 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NEW COVENANT DOMINION FEDERAL CREDIT UNION
Address:
(Main Office)
1185 Boston Rd
BRONX, NY 10456-5384
Phone:(718) 328-3930
Fax:(718) 620-2040
Website:https://www.newcovenantcreditunion.org/
Branches:2 branch locations
Members:539
Credit Union Type:Federal Credit Union
Charter Number:24784
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:2007
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$3,460,698
CEO/Manager:Rachel Macarthy
Chairperson:Joseph Alexander

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 407,471
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,442,086
 Other Loans 723,145
 TOTAL LOANS 2,165,231
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -133,005
 Land And Building 0
 Other Fixed Assets 41,615
 NCUSIF Deposit 16,115
 All Other Assets 0
  TOTAL ASSETS 3,460,698
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 719,230
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 148,000
 Share Drafts 590,639
 Regular shares 700,482
 All Other Shares & Deposits 704,977
  TOTAL SHARES & DEPOSITS 1,996,098
  TOTAL LIABILITIES 2,863,328
 Regular Reserve 0
 Other Reserves 34,206
 Undivided Earnings 563,164
  TOTAL EQUITY 597,370
  TOTAL LIABILITIES, SHARES, & EQUITY 3,460,698
INCOME & EXPENSE  
 Loan Income 216,688
 Investment Income 9,825
 Other Income 86,035
 Total Employee Compensation & Benefits 147,195
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 168,598
 Non-operating Income & (Expense) 214,439
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 59,359
 Cost of Funds 16,507
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 135,406
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