Dec, 31, 2023 — STEWART'S FEDERAL CREDIT UNION is a federal credit union headquartered in BALLSTON SPA, NY with 1 branch location and about $51.37 million in total assets. Opened 41 years ago in 1983, STEWART'S FEDERAL CREDIT UNION has about 3,639 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STEWART'S FEDERAL CREDIT UNION |
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Address: (Main Office) | 2911 State Route 9 BALLSTON SPA, NY 12020 |
Phone: | (518) 581-1201 |
Fax: | (518) 581-7076 |
Website: | https://www.stewartscu.com |
Branches: | 1 branch locations |
Members: | 3,639 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24036 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1983 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,367,666 |
CEO/Manager: | Angelique Lauder |
Chairperson: | John R Timian |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,555,785 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,437,293 |
Unsecured Loans | 1,151,162 |
Other Loans | 9,426,092 |
TOTAL LOANS | 13,014,547 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,281 |
Land And Building | 0 |
Other Fixed Assets | 9,005 |
NCUSIF Deposit | 228,007 |
All Other Assets | 0 |
TOTAL ASSETS | 51,367,666 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,093 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,049,265 |
Regular shares | 32,442,399 |
All Other Shares & Deposits | 1,167,890 |
TOTAL SHARES & DEPOSITS | 48,659,554 |
TOTAL LIABILITIES | 48,712,647 |
Regular Reserve | 0 |
Other Reserves | 200,048 |
Undivided Earnings | 2,454,971 |
TOTAL EQUITY | 2,655,019 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,367,666 |
INCOME & EXPENSE | |
Loan Income | 576,965 |
Investment Income | 918,836 |
Other Income | 252,326 |
Total Employee Compensation & Benefits | 345,060 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 372,521 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,211 |
Cost of Funds | 796,856 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 173,722 |
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