Dec, 31, 2023 — SWEET HOME FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, NY with 1 branch location and about $43.38 million in total assets. Opened 67 years ago in 1957, SWEET HOME FEDERAL CREDIT UNION has about 2,893 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 |
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Address: (Main Office) | 1960 Sweet Home Rd AMHERST, NY 14228-3346 |
Phone: | (716) 691-9187 |
Fax: | (716) 691-0175 |
Website: | https://www.sweethomefcu.org |
Branches: | 1 branch locations |
Members: | 2,893 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11470 |
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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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,379,492 |
CEO/Manager: | KATHRYN A GETZ |
Chairperson: | CARL H HOFFMAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,901,128 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,166,129 |
Unsecured Loans | 1,416,154 |
Other Loans | 8,102,901 |
TOTAL LOANS | 20,685,184 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,922 |
Land And Building | 1,492,999 |
Other Fixed Assets | 7,851 |
NCUSIF Deposit | 428,691 |
All Other Assets | 0 |
TOTAL ASSETS | 43,379,492 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 95,021 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,550,852 |
Regular shares | 30,469,579 |
All Other Shares & Deposits | 1,211,682 |
TOTAL SHARES & DEPOSITS | 39,232,114 |
TOTAL LIABILITIES | 39,327,135 |
Regular Reserve | 0 |
Other Reserves | 548,758 |
Undivided Earnings | 3,503,599 |
TOTAL EQUITY | 4,052,357 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,379,492 |
INCOME & EXPENSE | |
Loan Income | 885,713 |
Investment Income | 933,047 |
Other Income | 73,497 |
Total Employee Compensation & Benefits | 506,838 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 628,408 |
Non-operating Income & (Expense) | 21,616 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,951 |
Cost of Funds | 74,381 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,159,876 |
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