Dec, 31, 2020 — SWEET HOME FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, NY with 1 branch location and about $40.52 million in total assets. Opened 64 years ago in 1957, SWEET HOME FEDERAL CREDIT UNION has about 3,048 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SWEET HOME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1960 SWEET HOME RD AMHERST, NY 14228-3346 |
| Phone: | (716) 691-9187 |
| Fax: | (716) 691-0175 |
| Website: | http://www.sweethomefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,048 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11470 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,519,916 |
| CEO/Manager: | KATHRYN A GETZ |
| Chairperson: | CARL H HOFFMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,095,425 |
| TOTAL INVESTMENTS | 5,954,893 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,685,273 |
| Unsecured Loans | 1,720,137 |
| Other Loans | 4,969,459 |
| TOTAL LOANS | 17,374,869 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,222 |
| Land And Building | 1,609,754 |
| Other Fixed Assets | 67,185 |
| NCUSIF Deposit | 314,484 |
| All Other Assets | 188,528 |
| TOTAL ASSETS | 40,519,916 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 88,079 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,741,886 |
| Regular shares | 29,188,011 |
| All Other Shares & Deposits | 1,472,259 |
| TOTAL SHARES & DEPOSITS | 37,402,156 |
| TOTAL LIABILITIES | 37,490,235 |
| Regular Reserve | 548,758 |
| Other Reserves | 0 |
| Undivided Earnings | 2,480,923 |
| TOTAL EQUITY | 3,029,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,519,916 |
| INCOME & EXPENSE | |
| Loan Income | 841,363 |
| Investment Income | 396,596 |
| Other Income | 196,113 |
| Total Employee Compensation & Benefits | 458,252 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 562,183 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61,588 |
| Cost of Funds | 31,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,274 |
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