Dec, 31, 2023 — NORTH FRANKLIN FEDERAL CREDIT UNION is a federal credit union headquartered in MALONE, NY with 2 branch locations and about $85.40 million in total assets. Opened 52 years ago in 1972, NORTH FRANKLIN FEDERAL CREDIT UNION has about 5,468 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH FRANKLIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 494 E Main St MALONE, NY 12953-2100 |
| Phone: | (518) 483-8668 |
| Fax: | (518) 483-8808 |
| Website: | https://www.trunorthernfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,468 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21026 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $85,395,284 |
| CEO/Manager: | Darin G Childs |
| Chairperson: | Curtis L Lyon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,042,108 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,240,443 |
| Unsecured Loans | 5,904,675 |
| Other Loans | 27,664,355 |
| TOTAL LOANS | 43,809,473 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,824 |
| Land And Building | 3,770,405 |
| Other Fixed Assets | 488,333 |
| NCUSIF Deposit | 749,375 |
| All Other Assets | 53,275 |
| TOTAL ASSETS | 85,395,284 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,171,093 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,780,103 |
| Regular shares | 41,811,516 |
| All Other Shares & Deposits | 18,069,027 |
| TOTAL SHARES & DEPOSITS | 77,660,646 |
| TOTAL LIABILITIES | 78,831,739 |
| Regular Reserve | 0 |
| Other Reserves | -4,639,725 |
| Undivided Earnings | 11,203,270 |
| TOTAL EQUITY | 6,563,545 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,395,284 |
| INCOME & EXPENSE | |
| Loan Income | 2,510,604 |
| Investment Income | 976,484 |
| Other Income | 280,484 |
| Total Employee Compensation & Benefits | 1,490,838 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,767,571 |
| Non-operating Income & (Expense) | -900 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,993 |
| Cost of Funds | 402,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 451,088 |
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