Dec, 31, 2023 — UPSTATE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in GLOVERSVILLE, NY with 1 branch location and about $5.06 million in total assets. Opened 68 years ago in 1956, UPSTATE TELCO FEDERAL CREDIT UNION has about 454 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UPSTATE TELCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 137 Harrison St GLOVERSVILLE, NY 12078 |
Phone: | (518) 773-6548 |
Fax: | (518) 762-3012 |
Website: | https://www.upstatetelcofcu.org |
Branches: | 1 branch locations |
Members: | 454 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10746 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,060,163 |
CEO/Manager: | Barbara A Insognia |
Chairperson: | Lynne Rubscha |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,391,003 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 423,645 |
Other Loans | 787,723 |
TOTAL LOANS | 1,211,368 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,019 |
Land And Building | 0 |
Other Fixed Assets | 3,122 |
NCUSIF Deposit | 48,717 |
All Other Assets | 0 |
TOTAL ASSETS | 5,060,163 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,312 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 969,894 |
Regular shares | 3,372,360 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,342,254 |
TOTAL LIABILITIES | 4,367,566 |
Regular Reserve | 0 |
Other Reserves | 140,910 |
Undivided Earnings | 551,687 |
TOTAL EQUITY | 692,597 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,060,163 |
INCOME & EXPENSE | |
Loan Income | 62,702 |
Investment Income | 141,102 |
Other Income | 3,333 |
Total Employee Compensation & Benefits | 99,988 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 83,067 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,686 |
Cost of Funds | 3,652 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 54,658 |
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» See also Statement of Financial Condition