Dec, 31, 2023 — UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in UTICA, NY with 1 branch location and about $38.00 million in total assets. Opened 68 years ago in 1956, UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION has about 1,736 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2812 GENESEE ST UTICA, NY 13502 |
| Phone: | (315) 724-5133 |
| Fax: | (315) 793-8296 |
| Website: | https://www.utelfcu.net |
| Branches: | 1 branch locations |
| Members: | 1,736 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11157 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,995,504 |
| CEO/Manager: | PATRICK M GALLAGHER |
| Chairperson: | RONALD J HAMLIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,021,152 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,260,675 |
| Unsecured Loans | 2,629,181 |
| Other Loans | 8,591,732 |
| TOTAL LOANS | 18,481,588 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,093 |
| Land And Building | 992,812 |
| Other Fixed Assets | 53,388 |
| NCUSIF Deposit | 294,009 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,995,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -425,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,343,407 |
| Regular shares | 13,609,254 |
| All Other Shares & Deposits | 9,392,035 |
| TOTAL SHARES & DEPOSITS | 26,344,695 |
| TOTAL LIABILITIES | 25,919,285 |
| Regular Reserve | 0 |
| Other Reserves | -292,733 |
| Undivided Earnings | 12,368,952 |
| TOTAL EQUITY | 12,076,219 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,995,504 |
| INCOME & EXPENSE | |
| Loan Income | 934,864 |
| Investment Income | 373,676 |
| Other Income | 14,943 |
| Total Employee Compensation & Benefits | 321,126 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 547,689 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,470 |
| Cost of Funds | 219,514 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 348,563 |
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