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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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