Dec, 31, 2023 — DISTRICT #6 FEDERAL CREDIT UNION is a federal credit union headquartered in HORNELL, NY with 1 branch location and about $20.88 million in total assets. Opened 88 years ago in 1936, DISTRICT #6 FEDERAL CREDIT UNION has about 1,727 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DISTRICT #6 FEDERAL CREDIT UNION |
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Address: (Main Office) | 107 Broadway HORNELL, NY 14843 |
Phone: | (607) 324-8384 |
Fax: | (607) 324-8581 |
Website: | https://www.district6fcu.com |
Branches: | 1 branch locations |
Members: | 1,727 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1080 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,877,865 |
CEO/Manager: | Lori A Brown |
Chairperson: | Karen Schu |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,265,526 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,534,754 |
Unsecured Loans | 2,403,803 |
Other Loans | 6,405,737 |
TOTAL LOANS | 11,344,294 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,386 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 208,252 |
All Other Assets | 0 |
TOTAL ASSETS | 20,877,865 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,664 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,088,406 |
Regular shares | 13,032,217 |
All Other Shares & Deposits | 3,559,592 |
TOTAL SHARES & DEPOSITS | 19,680,215 |
TOTAL LIABILITIES | 19,685,879 |
Regular Reserve | 0 |
Other Reserves | -583,500 |
Undivided Earnings | 1,775,486 |
TOTAL EQUITY | 1,191,986 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,877,865 |
INCOME & EXPENSE | |
Loan Income | 552,282 |
Investment Income | 132,814 |
Other Income | 150,036 |
Total Employee Compensation & Benefits | 210,877 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 334,799 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,281 |
Cost of Funds | 131,669 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 79,865 |
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