Dec, 31, 2023 — UPSTATE MILK EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, NY with 1 branch location and about $2.43 million in total assets. Opened 53 years ago in 1971, UPSTATE MILK EMPLOYEES FEDERAL CREDIT UNION has about 482 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UPSTATE MILK EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 368 Pleasant View Dr LANCASTER, NY 14086-1316 |
Phone: | (716) 332-5337 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 482 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20547 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,430,277 |
CEO/Manager: | Gail E Fronczak |
Chairperson: | Eric Place |
ASSETS: | $ Amount |
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Cash & Equivalents | 242,845 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 217,178 |
Other Loans | 791,517 |
TOTAL LOANS | 1,008,695 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,563 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 25,439 |
All Other Assets | 0 |
TOTAL ASSETS | 2,430,277 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,222 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,185,462 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,185,462 |
TOTAL LIABILITIES | 2,187,737 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 242,540 |
TOTAL EQUITY | 242,540 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,430,277 |
INCOME & EXPENSE | |
Loan Income | 61,927 |
Investment Income | 28,831 |
Other Income | 235 |
Total Employee Compensation & Benefits | 68,440 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,652 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 500 |
Cost of Funds | 9,507 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,807 |
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