EMPIRE FINANCIAL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.empirefinancialfcu.com for more information.
Dec, 31, 2023 — EMPIRE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in New York, NY with 1 branch location and about $5.12 million in total assets. Opened 48 years ago in 1976, EMPIRE FINANCIAL FEDERAL CREDIT UNION has about 270 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPIRE FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22 Cortlandt St New York, NY 10007-3107 |
| Phone: | (212) 238-9810 |
| Fax: | |
| Website: | https://www.empirefinancialfcu.com |
| Branches: | 1 branch locations |
| Members: | 270 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22344 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,124,803 |
| CEO/Manager: | Ryan Sullivan |
| Chairperson: | Gary Luvera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 327,367 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 4,342,130 |
| Other Loans | 361,394 |
| TOTAL LOANS | 4,703,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,340 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 12,050 |
| All Other Assets | 124,202 |
| TOTAL ASSETS | 5,124,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,190,330 |
| Accounts Payable & Other Liabilities | 6,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,065 |
| Regular shares | 285,119 |
| All Other Shares & Deposits | 554,811 |
| TOTAL SHARES & DEPOSITS | 859,995 |
| TOTAL LIABILITIES | 5,056,441 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 68,362 |
| TOTAL EQUITY | 68,362 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,124,803 |
| INCOME & EXPENSE | |
| Loan Income | 63,309 |
| Investment Income | 193 |
| Other Income | 225,335 |
| Total Employee Compensation & Benefits | 26,858 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 266,521 |
| Non-operating Income & (Expense) | -7,484 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,400 |
| Cost of Funds | 29,032 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -57,458 |
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