Mar, 31, 2021 — NIAGARA FALLS A F FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 0 branch location and about $18.30 million in total assets. Opened 66 years ago in 1955, NIAGARA FALLS A F FEDERAL CREDIT UNION has about 1,901 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NIAGARA FALLS A F FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2420 OLMSTEAD ST NIAGARA FALLS, NY 14304-5066 |
| Phone: | (716) 297-4034 |
| Fax: | (716) 297-1223 |
| Website: | http://www.niagarafallsafcu.com |
| Branches: | 0 branch locations |
| Members: | 1,901 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10613 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,300,392 |
| CEO/Manager: | Melissa C Trosterud |
| Chairperson: | Brian A Waite |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 952,228 |
| TOTAL INVESTMENTS | 10,613,461 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,816,205 |
| Unsecured Loans | 1,066,709 |
| Other Loans | 2,923,991 |
| TOTAL LOANS | 6,479,400 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,556 |
| Land And Building | 0 |
| Other Fixed Assets | 7,994 |
| NCUSIF Deposit | 128,507 |
| All Other Assets | 169,358 |
| TOTAL ASSETS | 18,300,392 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,096 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,692,817 |
| Regular shares | 9,916,732 |
| All Other Shares & Deposits | 3,536,585 |
| TOTAL SHARES & DEPOSITS | 16,146,134 |
| TOTAL LIABILITIES | 16,158,230 |
| Regular Reserve | 173,190 |
| Other Reserves | 0 |
| Undivided Earnings | 1,968,972 |
| TOTAL EQUITY | 2,142,162 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,300,392 |
| INCOME & EXPENSE | |
| Loan Income | 72,255 |
| Investment Income | 43,248 |
| Other Income | 17,022 |
| Total Employee Compensation & Benefits | 54,324 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,599 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 5,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,407 |
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