Dec, 31, 2023 — OSWEGO TEACHERS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OSWEGO, NY with 1 branch location and about $53.94 million in total assets. Opened 63 years ago in 1961, OSWEGO TEACHERS EMPLOYEES FEDERAL CREDIT UNION has about 2,423 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OSWEGO TEACHERS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 90 W Utica St OSWEGO, NY 13126-3048 |
| Phone: | (315) 342-4574 |
| Fax: | (315) 342-2205 |
| Website: | https://oswegoteacherscu.org |
| Branches: | 1 branch locations |
| Members: | 2,423 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14436 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,944,635 |
| CEO/Manager: | Kelly J Trepasso |
| Chairperson: | William Symons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,200,744 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,656,026 |
| Unsecured Loans | 3,136,151 |
| Other Loans | 8,780,784 |
| TOTAL LOANS | 35,572,961 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -216,152 |
| Land And Building | 708,747 |
| Other Fixed Assets | 22,571 |
| NCUSIF Deposit | 461,566 |
| All Other Assets | 0 |
| TOTAL ASSETS | 53,944,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 527,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,599,433 |
| Regular shares | 9,077,465 |
| All Other Shares & Deposits | 32,306,524 |
| TOTAL SHARES & DEPOSITS | 46,983,421 |
| TOTAL LIABILITIES | 47,510,788 |
| Regular Reserve | 0 |
| Other Reserves | 451,573 |
| Undivided Earnings | 5,982,274 |
| TOTAL EQUITY | 6,433,847 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,944,635 |
| INCOME & EXPENSE | |
| Loan Income | 1,421,125 |
| Investment Income | 729,364 |
| Other Income | 32,729 |
| Total Employee Compensation & Benefits | 760,819 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 547,401 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 482,887 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 451,821 |
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