Mar, 31, 2021 — UPSTATE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in GLOVERSVILLE, NY with 1 branch location and about $5.04 million in total assets. Opened 65 years ago in 1956, UPSTATE TELCO FEDERAL CREDIT UNION has about 561 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: | 561 |
| 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: | $5,038,250 |
| CEO/Manager: | Barbara A Insognia |
| Chairperson: | David Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,601,166 |
| TOTAL INVESTMENTS | 2,099,310 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 540,203 |
| Other Loans | 772,137 |
| TOTAL LOANS | 1,312,340 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,266 |
| Land And Building | 0 |
| Other Fixed Assets | 13,439 |
| NCUSIF Deposit | 40,478 |
| All Other Assets | 8,783 |
| TOTAL ASSETS | 5,038,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,267 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 792,756 |
| Regular shares | 3,535,682 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,328,438 |
| TOTAL LIABILITIES | 4,348,705 |
| Regular Reserve | 140,910 |
| Other Reserves | 0 |
| Undivided Earnings | 548,635 |
| TOTAL EQUITY | 689,545 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,038,250 |
| INCOME & EXPENSE | |
| Loan Income | 19,363 |
| Investment Income | 4,048 |
| Other Income | 924 |
| Total Employee Compensation & Benefits | 21,431 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,903 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,437 |
| Cost of Funds | 842 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,127 |
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