Jun, 30, 2024 — UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in UTICA, NY with 1 branch location and about $41.60 million in total assets. Opened 68 years ago in 1956, UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION has about 1,776 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2812 GENESEE ST UTICA, NY 13502 |
Phone: | (315) 724-5133 |
Fax: | (315) 793-8296 |
Website: | https://www.utelfcu.net |
Branches: | 1 branch locations |
Members: | 1,776 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11157 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,603,070 |
CEO/Manager: | PATRICK M GALLAGHER |
Chairperson: | RONALD J HAMLIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,282,634 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,843,927 |
Unsecured Loans | 2,409,620 |
Other Loans | 7,036,006 |
TOTAL LOANS | 17,289,553 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,022 |
Land And Building | 1,026,487 |
Other Fixed Assets | 65,688 |
NCUSIF Deposit | 296,126 |
All Other Assets | 0 |
TOTAL ASSETS | 41,603,070 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -340,238 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,708,431 |
Regular shares | 15,922,541 |
All Other Shares & Deposits | 10,625,622 |
TOTAL SHARES & DEPOSITS | 30,256,594 |
TOTAL LIABILITIES | 29,916,356 |
Regular Reserve | 0 |
Other Reserves | -309,477 |
Undivided Earnings | 11,996,191 |
TOTAL EQUITY | 11,686,714 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,603,070 |
INCOME & EXPENSE | |
Loan Income | 591,276 |
Investment Income | 238,733 |
Other Income | 9,662 |
Total Employee Compensation & Benefits | 187,273 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 450,030 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,709 |
Cost of Funds | 119,805 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 176,575 |
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