Mar, 31, 2021 — VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 1 branch location and about $64.31 million in total assets. Opened 85 years ago in 1936, VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION has about 2,876 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3960B HILLMAN AVENUE BRONX, NY 10463 |
| Phone: | (718) 549-5858 |
| Fax: | (718) 549-2921 |
| Website: | http://www.vccfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,876 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1125 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $64,306,635 |
| CEO/Manager: | Mirela Alexe |
| Chairperson: | Andrew Kimerling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,580,660 |
| TOTAL INVESTMENTS | 41,062,746 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,095,063 |
| Unsecured Loans | 1,147,264 |
| Other Loans | 2,860,520 |
| TOTAL LOANS | 13,102,847 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,275 |
| Land And Building | 0 |
| Other Fixed Assets | 9,644 |
| NCUSIF Deposit | 591,225 |
| All Other Assets | 2,078,788 |
| TOTAL ASSETS | 64,306,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 90,370 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,633,882 |
| Regular shares | 40,848,447 |
| All Other Shares & Deposits | 8,309,209 |
| TOTAL SHARES & DEPOSITS | 59,791,538 |
| TOTAL LIABILITIES | 59,953,713 |
| Regular Reserve | 1,683,921 |
| Other Reserves | -481,548 |
| Undivided Earnings | 3,150,549 |
| TOTAL EQUITY | 4,352,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,306,635 |
| INCOME & EXPENSE | |
| Loan Income | 237,866 |
| Investment Income | 98,801 |
| Other Income | 207,468 |
| Total Employee Compensation & Benefits | 119,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 138,630 |
| Non-operating Income & (Expense) | -5,708 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 10,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,552 |
| ↑ Back to Top | |