Dec, 31, 2023 — SPENCERPORT FEDERAL CREDIT UNION is a federal credit union headquartered in SPENCERPORT, NY with 1 branch location and about $39.48 million in total assets. Opened 62 years ago in 1962, SPENCERPORT FEDERAL CREDIT UNION has about 4,437 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPENCERPORT FEDERAL CREDIT UNION |
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Address: (Main Office) | 2775 Spencerport rd SPENCERPORT, NY 14559 |
Phone: | (585) 352-6890 |
Fax: | (585) 352-1899 |
Website: | https://www.spnfcu.org |
Branches: | 1 branch locations |
Members: | 4,437 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14884 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,481,887 |
CEO/Manager: | Katherine A Czarnecki |
Chairperson: | Christopher J Cappetta |
ASSETS: | $ Amount |
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Cash & Equivalents | 439,231 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,040,853 |
Unsecured Loans | 1,095,258 |
Other Loans | 16,538,299 |
TOTAL LOANS | 21,674,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,496 |
Land And Building | 793,597 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 372,999 |
All Other Assets | 0 |
TOTAL ASSETS | 39,481,887 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 100,234 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,482,669 |
Regular shares | 21,563,226 |
All Other Shares & Deposits | 5,323,073 |
TOTAL SHARES & DEPOSITS | 36,368,968 |
TOTAL LIABILITIES | 36,469,202 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,012,685 |
TOTAL EQUITY | 3,012,685 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,481,887 |
INCOME & EXPENSE | |
Loan Income | 1,054,186 |
Investment Income | 253,886 |
Other Income | 85,964 |
Total Employee Compensation & Benefits | 455,076 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 573,801 |
Non-operating Income & (Expense) | 8,617 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,324 |
Cost of Funds | 58,775 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 326,096 |
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