Dec, 31, 2023 — SAINT LAWRENCE FEDERAL CREDIT UNION is a federal credit union headquartered in OGDENSBURG, NY with 6 branch locations and about $236.05 million in total assets. Opened 70 years ago in 1954, SAINT LAWRENCE FEDERAL CREDIT UNION has about 12,677 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAINT LAWRENCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 Commerce Park Dr OGDENSBURG, NY 13669-2208 |
| Phone: | (315) 393-3530 |
| Fax: | (315) 393-3700 |
| Website: | https://www.stlawrfcu.com |
| Branches: | 6 branch locations |
| Members: | 12,677 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9871 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $236,046,055 |
| CEO/Manager: | Amber M Taylor |
| Chairperson: | Douglas Loffler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,544,298 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,691,839 |
| Unsecured Loans | 11,887,776 |
| Other Loans | 66,495,608 |
| TOTAL LOANS | 167,075,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -855,611 |
| Land And Building | 6,648,024 |
| Other Fixed Assets | 651,869 |
| NCUSIF Deposit | 2,054,920 |
| All Other Assets | 0 |
| TOTAL ASSETS | 236,046,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 23,000,000 |
| Accounts Payable & Other Liabilities | 982,576 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,637,953 |
| Regular shares | 70,428,509 |
| All Other Shares & Deposits | 83,674,558 |
| TOTAL SHARES & DEPOSITS | 194,741,020 |
| TOTAL LIABILITIES | 218,723,596 |
| Regular Reserve | 0 |
| Other Reserves | -6,693,982 |
| Undivided Earnings | 24,016,441 |
| TOTAL EQUITY | 17,322,459 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 236,046,055 |
| INCOME & EXPENSE | |
| Loan Income | 9,290,568 |
| Investment Income | 1,356,363 |
| Other Income | 1,505,486 |
| Total Employee Compensation & Benefits | 4,707,701 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,297,398 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 255,826 |
| Cost of Funds | 3,122,452 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,099,265 |
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