Dec, 31, 2021 — EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in LIVERPOOL, NY with 1 branch location and about $62.25 million in total assets. Opened 66 years ago in 1956, EDGE FEDERAL CREDIT UNION has about 3,384 members and employs 10 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 Rd LIVERPOOL, NY 13090-3538 |
| Phone: | (315) 451-0105 |
| Fax: | (315) 451-2367 |
| Website: | http://www.edgefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,384 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $62,249,635 |
| CEO/Manager: | Theresa Lotito-Camerino |
| Chairperson: | Mark Cardone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,617,766 |
| TOTAL INVESTMENTS | 31,651,183 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,384,665 |
| Unsecured Loans | 4,433,742 |
| Other Loans | 5,395,334 |
| TOTAL LOANS | 19,213,741 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,758 |
| Land And Building | 724,629 |
| Other Fixed Assets | 258,440 |
| NCUSIF Deposit | 529,561 |
| All Other Assets | 347,073 |
| TOTAL ASSETS | 62,249,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 672,759 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,738,745 |
| Regular shares | 39,758,528 |
| All Other Shares & Deposits | 3,815,311 |
| TOTAL SHARES & DEPOSITS | 55,312,584 |
| TOTAL LIABILITIES | 55,985,343 |
| Regular Reserve | 638,710 |
| Other Reserves | 0 |
| Undivided Earnings | 5,625,582 |
| TOTAL EQUITY | 6,264,292 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,249,635 |
| INCOME & EXPENSE | |
| Loan Income | 983,515 |
| Investment Income | 544,062 |
| Other Income | 127,240 |
| Total Employee Compensation & Benefits | 678,848 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 977,234 |
| Non-operating Income & (Expense) | 17,562 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -44,862 |
| Cost of Funds | 56,204 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 387,150 |
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