Dec, 31, 2020 — UPSTATE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in GLOVERSVILLE, NY with 1 branch location and about $5.02 million in total assets. Opened 65 years ago in 1956, UPSTATE TELCO FEDERAL CREDIT UNION has about 583 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 |
|---|---|
| Address: (Main Office) | 137 HARRISON STREET GLOVERSVILLE, NY 12078 |
| Phone: | (518) 773-6548 |
| Fax: | (518) 762-3012 |
| Website: | http://www.upstatetelcofcu.org |
| Branches: | 1 branch locations |
| Members: | 583 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10746 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,015,491 |
| CEO/Manager: | Barbara A Insognia |
| Chairperson: | David Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,551,230 |
| TOTAL INVESTMENTS | 2,097,534 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 576,897 |
| Other Loans | 763,149 |
| TOTAL LOANS | 1,340,046 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,786 |
| Land And Building | 0 |
| Other Fixed Assets | 14,543 |
| NCUSIF Deposit | 40,479 |
| All Other Assets | 10,445 |
| TOTAL ASSETS | 5,015,491 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,957 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 721,829 |
| Regular shares | 3,573,034 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,294,863 |
| TOTAL LIABILITIES | 4,313,820 |
| Regular Reserve | 140,910 |
| Other Reserves | 0 |
| Undivided Earnings | 560,761 |
| TOTAL EQUITY | 701,671 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,015,491 |
| INCOME & EXPENSE | |
| Loan Income | 91,248 |
| Investment Income | 49,024 |
| Other Income | 4,230 |
| Total Employee Compensation & Benefits | 83,374 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,059 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,174 |
| Cost of Funds | 3,613 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -82,718 |
| ↑ Back to Top | |