Dec, 31, 2020 — SERVU FEDERAL CREDIT UNION is a federal credit union headquartered in PAINTED POST, NY with 6 branch locations and about $376.59 million in total assets. Opened 65 years ago in 1956, SERVU FEDERAL CREDIT UNION has about 35,831 members and employs 104 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 |
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Address: (Main Office) | 9823 SCIENCE CENTER DR PAINTED POST, NY 14870 |
Phone: | (607) 936-2293 |
Fax: | (607) 936-3154 |
Website: | http://www.servucu.com |
Branches: | 6 branch locations |
Members: | 35,831 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10933 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $376,587,703 |
CEO/Manager: | Nancy S Williamson |
Chairperson: | Michael L DelGrosso |
ASSETS: | $ Amount |
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Cash & Equivalents | 90,647,732 |
TOTAL INVESTMENTS | 34,618,956 |
Loans Held for Sale | 0 |
Real Estate Loans | 85,498,980 |
Unsecured Loans | 26,920,355 |
Other Loans | 125,283,291 |
TOTAL LOANS | 237,981,115 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -925,530 |
Land And Building | 7,263,476 |
Other Fixed Assets | 508,461 |
NCUSIF Deposit | 3,044,861 |
All Other Assets | 3,448,632 |
TOTAL ASSETS | 376,587,703 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 146,530 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,948,279 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,975,271 |
Regular shares | 235,585,760 |
All Other Shares & Deposits | 42,549,355 |
TOTAL SHARES & DEPOSITS | 326,110,386 |
TOTAL LIABILITIES | 328,205,195 |
Regular Reserve | 2,417,737 |
Other Reserves | 0 |
Undivided Earnings | 45,964,771 |
TOTAL EQUITY | 48,382,508 |
TOTAL LIABILITIES, SHARES, & EQUITY | 376,587,703 |
INCOME & EXPENSE | |
Loan Income | 9,646,205 |
Investment Income | 995,428 |
Other Income | 4,134,469 |
Total Employee Compensation & Benefits | 6,319,493 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,723,775 |
Non-operating Income & (Expense) | -7,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 312,024 |
Cost of Funds | 651,132 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,762,678 |
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