Mar, 31, 2021 — SWEET HOME FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, NY with 1 branch location and about $42.69 million in total assets. Opened 64 years ago in 1957, SWEET HOME FEDERAL CREDIT UNION has about 3,008 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: | 3,008 |
| 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: | $42,691,115 |
| CEO/Manager: | KATHRYN A GETZ |
| Chairperson: | CARL H HOFFMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,051,842 |
| TOTAL INVESTMENTS | 5,235,843 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,760,659 |
| Unsecured Loans | 1,565,276 |
| Other Loans | 4,954,536 |
| TOTAL LOANS | 17,280,471 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,089 |
| Land And Building | 1,600,055 |
| Other Fixed Assets | 63,853 |
| NCUSIF Deposit | 314,484 |
| All Other Assets | 202,656 |
| TOTAL ASSETS | 42,691,115 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,943 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,048,519 |
| Regular shares | 30,979,949 |
| All Other Shares & Deposits | 1,547,764 |
| TOTAL SHARES & DEPOSITS | 39,576,232 |
| TOTAL LIABILITIES | 39,641,175 |
| Regular Reserve | 548,758 |
| Other Reserves | 0 |
| Undivided Earnings | 2,501,182 |
| TOTAL EQUITY | 3,049,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,691,115 |
| INCOME & EXPENSE | |
| Loan Income | 184,351 |
| Investment Income | 49,143 |
| Other Income | 17,383 |
| Total Employee Compensation & Benefits | 122,503 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 130,344 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,883 |
| Cost of Funds | 2,720 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,129 |
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