Jun, 30, 2021 — SWEET HOME FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, NY with 1 branch location and about $43.48 million in total assets. Opened 64 years ago in 1957, SWEET HOME FEDERAL CREDIT UNION has about 2,996 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: | 2,996 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,480,668 |
| CEO/Manager: | KATHRYN A GETZ |
| Chairperson: | CARL H HOFFMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,254,052 |
| TOTAL INVESTMENTS | 4,798,005 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,052,366 |
| Unsecured Loans | 1,406,575 |
| Other Loans | 4,895,269 |
| TOTAL LOANS | 17,354,210 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,664 |
| Land And Building | 1,590,295 |
| Other Fixed Assets | 58,582 |
| NCUSIF Deposit | 366,420 |
| All Other Assets | 181,768 |
| TOTAL ASSETS | 43,480,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,294 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,251,309 |
| Regular shares | 31,603,237 |
| All Other Shares & Deposits | 1,539,206 |
| TOTAL SHARES & DEPOSITS | 40,393,752 |
| TOTAL LIABILITIES | 40,457,046 |
| Regular Reserve | 548,758 |
| Other Reserves | 0 |
| Undivided Earnings | 2,474,864 |
| TOTAL EQUITY | 3,023,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,480,668 |
| INCOME & EXPENSE | |
| Loan Income | 371,304 |
| Investment Income | 88,679 |
| Other Income | 31,038 |
| Total Employee Compensation & Benefits | 237,858 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 276,228 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,995 |
| Cost of Funds | 5,690 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,059 |
| ↑ Back to Top | |