Dec, 31, 2023 — UFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in PLATTSBURGH, NY with 4 branch locations and about $132.06 million in total assets. Opened 53 years ago in 1971, UFIRST FEDERAL CREDIT UNION has about 9,878 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UFIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 274 Rugar St PLATTSBURGH, NY 12901 |
Phone: | (518) 324-5700 |
Fax: | (518) 324-5777 |
Website: | https://www.ufirstfcu.net |
Branches: | 4 branch locations |
Members: | 9,878 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20613 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $132,058,423 |
CEO/Manager: | Kasey Kirk |
Chairperson: | Michele Friedman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,640,430 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,792,868 |
Unsecured Loans | 8,566,747 |
Other Loans | 61,639,915 |
TOTAL LOANS | 100,999,530 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -352,598 |
Land And Building | 4,040,437 |
Other Fixed Assets | 348,767 |
NCUSIF Deposit | 1,220,449 |
All Other Assets | 28,050 |
TOTAL ASSETS | 132,058,423 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,141,253 |
Accounts Payable & Other Liabilities | 762,057 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,906,891 |
Regular shares | 64,194,182 |
All Other Shares & Deposits | 28,851,255 |
TOTAL SHARES & DEPOSITS | 116,952,329 |
TOTAL LIABILITIES | 122,855,639 |
Regular Reserve | 0 |
Other Reserves | -2,823,573 |
Undivided Earnings | 12,026,357 |
TOTAL EQUITY | 9,202,784 |
TOTAL LIABILITIES, SHARES, & EQUITY | 132,058,423 |
INCOME & EXPENSE | |
Loan Income | 5,507,542 |
Investment Income | 643,241 |
Other Income | 700,609 |
Total Employee Compensation & Benefits | 2,301,783 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,273,960 |
Non-operating Income & (Expense) | -53,499 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 116,856 |
Cost of Funds | 1,262,229 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 808,010 |
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