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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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