Dec, 31, 2020 — VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 1 branch location and about $64.90 million in total assets. Opened 85 years ago in 1936, VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION has about 2,906 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 |
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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: | 2,906 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1125 |
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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: | $64,902,409 |
CEO/Manager: | Mirela Alexe |
Chairperson: | Andrew Kimerling |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,733,157 |
TOTAL INVESTMENTS | 38,556,318 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,896,291 |
Unsecured Loans | 1,185,806 |
Other Loans | 2,961,663 |
TOTAL LOANS | 14,043,760 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,275 |
Land And Building | 0 |
Other Fixed Assets | 10,985 |
NCUSIF Deposit | 591,225 |
All Other Assets | 2,079,239 |
TOTAL ASSETS | 64,902,409 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 101,616 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 63,159 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,753,961 |
Regular shares | 40,586,437 |
All Other Shares & Deposits | 10,307,866 |
TOTAL SHARES & DEPOSITS | 60,648,264 |
TOTAL LIABILITIES | 60,813,039 |
Regular Reserve | 1,683,921 |
Other Reserves | -481,548 |
Undivided Earnings | 2,886,997 |
TOTAL EQUITY | 4,089,370 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,902,409 |
INCOME & EXPENSE | |
Loan Income | 849,542 |
Investment Income | 579,496 |
Other Income | 170,356 |
Total Employee Compensation & Benefits | 521,170 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 583,281 |
Non-operating Income & (Expense) | -3,098 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
Cost of Funds | 79,366 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 302,479 |
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