Dec, 31, 2020 — EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in LIVERPOOL, NY with 1 branch location and about $55.69 million in total assets. Opened 65 years ago in 1956, EDGE FEDERAL CREDIT UNION has about 3,426 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: | 3,426 |
| 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: | $55,691,055 |
| CEO/Manager: | Theresa Lotito-Camerino |
| Chairperson: | Maria Knapp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,216,193 |
| TOTAL INVESTMENTS | 25,510,660 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,345,489 |
| Unsecured Loans | 4,521,050 |
| Other Loans | 6,340,786 |
| TOTAL LOANS | 20,207,325 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -157,868 |
| Land And Building | 745,639 |
| Other Fixed Assets | 337,816 |
| NCUSIF Deposit | 483,852 |
| All Other Assets | 347,438 |
| TOTAL ASSETS | 55,691,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 549,089 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,393,231 |
| Regular shares | 34,898,438 |
| All Other Shares & Deposits | 3,938,032 |
| TOTAL SHARES & DEPOSITS | 49,229,701 |
| TOTAL LIABILITIES | 49,778,790 |
| Regular Reserve | 638,710 |
| Other Reserves | 0 |
| Undivided Earnings | 5,273,555 |
| TOTAL EQUITY | 5,912,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,691,055 |
| INCOME & EXPENSE | |
| Loan Income | 1,119,276 |
| Investment Income | 586,289 |
| Other Income | 298,247 |
| Total Employee Compensation & Benefits | 680,207 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 951,575 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,000 |
| Cost of Funds | 74,336 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 269,694 |
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