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.
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 |
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 |
↑ Back to Top |