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National Credit Union Service Organization

SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WHITE PLAINS, NY with 1 branch location and about $1.74 million in total assets. Opened 51 years ago in 1973, SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION has about 333 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1000 Westchester Ave
WHITE PLAINS, NY 10610
Phone:(914) 694-3421
Fax:(914) 697-4149
Website:n/a
Branches:1 branch locations
Members:333
Credit Union Type:Federal Credit Union
Charter Number:21231
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1973
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,735,891
CEO/Manager:Kim Sanchez-Tookes
Chairperson:Carol Jefferson-Eaddy

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 926,957
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 336,016
 Other Loans 78,451
 TOTAL LOANS 424,221
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,817
 Land And Building 0
 Other Fixed Assets 4,179
 NCUSIF Deposit 12,515
 All Other Assets 0
  TOTAL ASSETS 1,735,891
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 161,060
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,234,044
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,234,044
  TOTAL LIABILITIES 1,395,104
 Regular Reserve 0
 Other Reserves 40,892
 Undivided Earnings 299,895
  TOTAL EQUITY 340,787
  TOTAL LIABILITIES, SHARES, & EQUITY 1,735,891
INCOME & EXPENSE  
 Loan Income 39,728
 Investment Income 24,000
 Other Income 3,796
 Total Employee Compensation & Benefits 20,525
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 58,615
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,800
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,220
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