Jun, 30, 2024 — SERVU FEDERAL CREDIT UNION is a federal credit union headquartered in PAINTED POST, NY with 7 branch locations and about $441.90 million in total assets. Opened 69 years ago in 1956, SERVU FEDERAL CREDIT UNION has about 36,213 members and employs 114 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 87 Victory Hwy PAINTED POST, NY 14870-1006 |
| Phone: | (607) 936-4615 |
| Fax: | (607) 936-3154 |
| Website: | https://www.servucu.com |
| Branches: | 7 branch locations |
| Members: | 36,213 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10933 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $441,896,970 |
| CEO/Manager: | Keith J Orfanides |
| Chairperson: | Michael L DelGrosso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,121,749 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,395,785 |
| Unsecured Loans | 33,713,030 |
| Other Loans | 158,070,346 |
| TOTAL LOANS | 288,281,498 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,111,297 |
| Land And Building | 11,506,493 |
| Other Fixed Assets | 1,088,941 |
| NCUSIF Deposit | 3,506,267 |
| All Other Assets | 0 |
| TOTAL ASSETS | 441,896,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 200,079 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,469,959 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,093,303 |
| Regular shares | 281,891,388 |
| All Other Shares & Deposits | 43,582,253 |
| TOTAL SHARES & DEPOSITS | 382,566,944 |
| TOTAL LIABILITIES | 384,236,982 |
| Regular Reserve | 0 |
| Other Reserves | 2,417,737 |
| Undivided Earnings | 55,242,251 |
| TOTAL EQUITY | 57,659,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 441,896,970 |
| INCOME & EXPENSE | |
| Loan Income | 7,762,062 |
| Investment Income | 1,213,589 |
| Other Income | 739,843 |
| Total Employee Compensation & Benefits | 5,013,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,417,051 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 224,334 |
| Cost of Funds | 499,613 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,610,608 |
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