NORTON-TROY EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — NORTON-TROY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in COHOES, NY with 1 branch location and about $4.94 million in total assets. Opened 85 years ago in 1939, NORTON-TROY EMPLOYEES CREDIT UNION has about 408 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTON-TROY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 35 NIVER ST, C/O HUDSON RIVER COMMU COHOES, NY 12047-4711 |
| Phone: | (518) 266-2481 |
| Fax: | (518) 820-2112 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 408 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61651 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jan 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,941,995 |
| CEO/Manager: | JOAN A THEILEMANN |
| Chairperson: | ROBERT A STEWART |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 459,856 |
| TOTAL INVESTMENTS | 3,174,955 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 54,513 |
| Other Loans | 228,253 |
| TOTAL LOANS | 1,271,068 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,557 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 43,945 |
| All Other Assets | 1,728 |
| TOTAL ASSETS | 4,941,995 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,608 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,016,927 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,016,927 |
| TOTAL LIABILITIES | 4,034,514 |
| Regular Reserve | 510,120 |
| Other Reserves | 0 |
| Undivided Earnings | 397,361 |
| TOTAL EQUITY | 907,481 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,941,995 |
| INCOME & EXPENSE | |
| Loan Income | 28,484 |
| Investment Income | 12,608 |
| Other Income | 244 |
| Total Employee Compensation & Benefits | 48,310 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,013 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,251 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -28,238 |
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