Dec, 31, 2023 — SERVU FEDERAL CREDIT UNION is a federal credit union headquartered in PAINTED POST, NY with 7 branch locations and about $448.66 million in total assets. Opened 68 years ago in 1956, SERVU FEDERAL CREDIT UNION has about 37,167 members and employs 122 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 87 Victory Hwy PAINTED POST, NY 14870-1006 |
| Phone: | (607) 936-4615 |
| Fax: | (607) 936-3154 |
| Website: | https://www.servucu.com |
| Branches: | 7 branch locations |
| Members: | 37,167 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10933 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $448,659,987 |
| CEO/Manager: | Keith J Orfanides |
| Chairperson: | Michael Harris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,553,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 107,824,437 |
| Unsecured Loans | 39,126,455 |
| Other Loans | 178,869,155 |
| TOTAL LOANS | 325,920,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,176,323 |
| Land And Building | 11,387,985 |
| Other Fixed Assets | 1,135,048 |
| NCUSIF Deposit | 3,735,763 |
| All Other Assets | 54,150 |
| TOTAL ASSETS | 448,659,987 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 785,781 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,046,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,520,292 |
| Regular shares | 263,531,626 |
| All Other Shares & Deposits | 58,918,781 |
| TOTAL SHARES & DEPOSITS | 378,970,697 |
| TOTAL LIABILITIES | 383,802,977 |
| Regular Reserve | 0 |
| Other Reserves | 2,417,737 |
| Undivided Earnings | 62,439,273 |
| TOTAL EQUITY | 64,857,010 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 448,659,987 |
| INCOME & EXPENSE | |
| Loan Income | 13,970,598 |
| Investment Income | 3,203,056 |
| Other Income | 1,111,246 |
| Total Employee Compensation & Benefits | 8,585,605 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,527,596 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 302,842 |
| Cost of Funds | 2,454,989 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,915,613 |
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