Dec, 31, 2020 — 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 178 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: | 178 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10225 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,276,058 |
| CEO/Manager: | Guy A DeMarie |
| Chairperson: | Michael Bass |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 353,751 |
| TOTAL INVESTMENTS | 545,911 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 83,303 |
| Other Loans | 289,628 |
| TOTAL LOANS | 372,931 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,743 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 11,125 |
| All Other Assets | 3,083 |
| TOTAL ASSETS | 1,276,058 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 952 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,211 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,062,528 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,062,528 |
| TOTAL LIABILITIES | 1,069,691 |
| Regular Reserve | 41,032 |
| Other Reserves | 0 |
| Undivided Earnings | 165,335 |
| TOTAL EQUITY | 206,367 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,276,058 |
| INCOME & EXPENSE | |
| Loan Income | 20,059 |
| Investment Income | 12,113 |
| Other Income | 150 |
| Total Employee Compensation & Benefits | 4,741 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,877 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 850 |
| Cost of Funds | 3,956 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,898 |
| ↑ Back to Top | |