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BECCO BUFFALO FEDERAL CREDIT UNION

Jun, 30, 2021 — BECCO BUFFALO FEDERAL CREDIT UNION is a federal credit union headquartered in TONAWANDA, NY with 1 branch location and about $1.28 million in total assets. Opened 66 years ago in 1955, BECCO BUFFALO FEDERAL CREDIT UNION has about 177 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BECCO BUFFALO FEDERAL CREDIT UNION
Address:
(Main Office)
PEROXYCHEM LLC, 35 SAWYER AVE
TONAWANDA, NY 14150
Phone:(716) 879-0415
Fax:(716) 879-0467
Website:n/a
Branches:1 branch locations
Members:177
Credit Union Type:Federal Credit Union
Charter Number:10225
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,277,190
CEO/Manager:Guy A DeMarie
Chairperson:Michael Bass

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 401,498
TOTAL INVESTMENTS 529,859
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 75,380
 Other Loans 268,968
 TOTAL LOANS 344,348
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,649
 Land And Building 0
 Other Fixed Assets 112
 NCUSIF Deposit 10,625
 All Other Assets 1,397
  TOTAL ASSETS 1,277,190
LIABILITIES & CAPITAL:  
 Dividends Payable 932
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,920
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,062,642
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,062,642
  TOTAL LIABILITIES 1,066,494
 Regular Reserve 41,032
 Other Reserves 0
 Undivided Earnings 169,664
  TOTAL EQUITY 210,696
  TOTAL LIABILITIES, SHARES, & EQUITY 1,277,190
INCOME & EXPENSE  
 Loan Income 9,128
 Investment Income 4,880
 Other Income 27
 Total Employee Compensation & Benefits 2,712
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,044
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -900
 Cost of Funds 1,848
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,331
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