Jun, 30, 2024 — DISTRICT #6 FEDERAL CREDIT UNION is a federal credit union headquartered in HORNELL, NY with 1 branch location and about $22.52 million in total assets. Opened 88 years ago in 1936, DISTRICT #6 FEDERAL CREDIT UNION has about 1,750 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 |
|---|---|
| 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: | 1,750 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1080 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,520,214 |
| CEO/Manager: | Lori A Brown |
| Chairperson: | Karen Schu |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 889,853 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,906,519 |
| Unsecured Loans | 2,082,154 |
| Other Loans | 5,175,133 |
| TOTAL LOANS | 10,163,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,454 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 209,120 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,520,214 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,094 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,359,421 |
| Regular shares | 13,285,543 |
| All Other Shares & Deposits | 4,372,591 |
| TOTAL SHARES & DEPOSITS | 21,017,555 |
| TOTAL LIABILITIES | 21,024,649 |
| Regular Reserve | 0 |
| Other Reserves | 743,317 |
| Undivided Earnings | 752,248 |
| TOTAL EQUITY | 1,495,565 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,520,214 |
| INCOME & EXPENSE | |
| Loan Income | 312,661 |
| Investment Income | 79,598 |
| Other Income | 23,335 |
| Total Employee Compensation & Benefits | 169,403 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 242,166 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,634 |
| Cost of Funds | 22,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 114,895 |
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