Dec, 31, 2023 — SUNY FREDONIA FEDERAL CREDIT UNION is a federal credit union headquartered in FREDONIA, NY with 1 branch location and about $43.60 million in total assets. Opened 50 years ago in 1974, SUNY FREDONIA FEDERAL CREDIT UNION has about 3,332 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: | SUNY FREDONIA FEDERAL CREDIT UNION |
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Address: (Main Office) | 280 CENTRAL AVE FREDONIA, NY 14063-1127 |
Phone: | (716) 673-3585 |
Fax: | (716) 673-3685 |
Website: | https://www.sunyfredoniafcu.com |
Branches: | 1 branch locations |
Members: | 3,332 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21851 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,597,315 |
CEO/Manager: | LAURA J PROFFITT |
Chairperson: | SOTERIS TZITZIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,543,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,862 |
Unsecured Loans | 2,277,744 |
Other Loans | 13,173,840 |
TOTAL LOANS | 15,472,445 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,348 |
Land And Building | 0 |
Other Fixed Assets | 25,779 |
NCUSIF Deposit | 389,345 |
All Other Assets | 0 |
TOTAL ASSETS | 43,597,315 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 37,200 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,259 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,158,705 |
Regular shares | 24,898,102 |
All Other Shares & Deposits | 6,460,933 |
TOTAL SHARES & DEPOSITS | 37,517,740 |
TOTAL LIABILITIES | 37,588,199 |
Regular Reserve | 0 |
Other Reserves | 70,405 |
Undivided Earnings | 5,938,711 |
TOTAL EQUITY | 6,009,116 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,597,315 |
INCOME & EXPENSE | |
Loan Income | 709,531 |
Investment Income | 630,730 |
Other Income | 66,499 |
Total Employee Compensation & Benefits | 337,058 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 353,086 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,609 |
Cost of Funds | 217,907 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 649,488 |
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