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 |
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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 |
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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, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,519,916 |
CEO/Manager: | KATHRYN A GETZ |
Chairperson: | CARL H HOFFMAN |
ASSETS: | $ Amount |
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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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