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QSIDE FEDERAL CREDIT UNION

Dec, 31, 2023 — QSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in QUEENS VILLAGE, NY with 1 branch location and about $53.34 million in total assets. Opened 84 years ago in 1940, QSIDE FEDERAL CREDIT UNION has about 6,945 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221476413
Name:QSIDE FEDERAL CREDIT UNION
Address:
(Main Office)
21131 Jamaica Ave
QUEENS VILLAGE, NY 11428-1621
Phone:(718) 353-1300
Fax:(718) 353-5399
Website:https://www.qsidefcu.org
Branches:1 branch locations
Members:6,945
Credit Union Type:Federal Credit Union
Charter Number:3947
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1940
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$53,339,819
CEO/Manager:MARK JOHNSON
Chairperson:Jerry Waters

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 786,961
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,539,875
 Unsecured Loans 12,937,779
 Other Loans 11,573,124
 TOTAL LOANS 29,050,778
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -247,363
 Land And Building 3,485,629
 Other Fixed Assets 62,320
 NCUSIF Deposit 476,565
 All Other Assets 0
  TOTAL ASSETS 53,339,819
LIABILITIES & CAPITAL:  
 Dividends Payable 73,917
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 867,122
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,705,675
 Regular shares 29,453,092
 All Other Shares & Deposits 10,993,956
  TOTAL SHARES & DEPOSITS 48,152,722
  TOTAL LIABILITIES 49,093,761
 Regular Reserve 0
 Other Reserves 1,299,884
 Undivided Earnings 2,946,174
  TOTAL EQUITY 4,246,058
  TOTAL LIABILITIES, SHARES, & EQUITY 53,339,819
INCOME & EXPENSE  
 Loan Income 2,251,795
 Investment Income 213,226
 Other Income 376,438
 Total Employee Compensation & Benefits 1,381,275
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,358,205
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 239,795
 Cost of Funds 271,225
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 94,129
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