Mar, 31, 2021 — EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in LIVERPOOL, NY with 1 branch location and about $58.46 million in total assets. Opened 65 years ago in 1956, EDGE FEDERAL CREDIT UNION has about 3,419 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7545 MORGAN ROAD LIVERPOOL, NY 13090-3538 |
| Phone: | (315) 451-0105 |
| Fax: | (315) 451-2367 |
| Website: | http://www.edgefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,419 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11457 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $58,460,612 |
| CEO/Manager: | Theresa Lotito-Camerino |
| Chairperson: | Maria Knapp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,126,443 |
| TOTAL INVESTMENTS | 27,212,427 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,036,730 |
| Unsecured Loans | 4,322,609 |
| Other Loans | 6,075,060 |
| TOTAL LOANS | 19,434,399 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,214 |
| Land And Building | 739,207 |
| Other Fixed Assets | 317,259 |
| NCUSIF Deposit | 483,852 |
| All Other Assets | 312,239 |
| TOTAL ASSETS | 58,460,612 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 553,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,381,606 |
| Regular shares | 36,650,112 |
| All Other Shares & Deposits | 3,922,173 |
| TOTAL SHARES & DEPOSITS | 51,953,891 |
| TOTAL LIABILITIES | 52,507,314 |
| Regular Reserve | 638,710 |
| Other Reserves | 0 |
| Undivided Earnings | 5,314,588 |
| TOTAL EQUITY | 5,953,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,460,612 |
| INCOME & EXPENSE | |
| Loan Income | 254,153 |
| Investment Income | 140,758 |
| Other Income | 28,140 |
| Total Employee Compensation & Benefits | 167,519 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 236,691 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,500 |
| Cost of Funds | 14,938 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,732 |
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