Dec, 31, 2020 — NIAGARA FALLS A F FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 0 branch location and about $17.41 million in total assets. Opened 66 years ago in 1955, NIAGARA FALLS A F FEDERAL CREDIT UNION has about 1,909 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: | 1,909 |
| 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: | $17,406,543 |
| CEO/Manager: | Melissa C Trosterud |
| Chairperson: | Brian A Waite |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,200,888 |
| TOTAL INVESTMENTS | 9,086,461 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,567,645 |
| Unsecured Loans | 1,109,005 |
| Other Loans | 3,142,564 |
| TOTAL LOANS | 6,440,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,683 |
| Land And Building | 0 |
| Other Fixed Assets | 10,382 |
| NCUSIF Deposit | 128,507 |
| All Other Assets | 588,306 |
| TOTAL ASSETS | 17,406,543 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,719 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,518,491 |
| Regular shares | 9,512,397 |
| All Other Shares & Deposits | 3,238,179 |
| TOTAL SHARES & DEPOSITS | 15,269,067 |
| TOTAL LIABILITIES | 15,289,786 |
| Regular Reserve | 173,190 |
| Other Reserves | 0 |
| Undivided Earnings | 1,943,567 |
| TOTAL EQUITY | 2,116,757 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,406,543 |
| INCOME & EXPENSE | |
| Loan Income | 264,507 |
| Investment Income | 197,145 |
| Other Income | 65,486 |
| Total Employee Compensation & Benefits | 258,570 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 194,224 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 37,402 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,942 |
| ↑ Back to Top | |