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SWEET HOME FEDERAL CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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