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IRS BUFFALO FEDERAL CREDIT UNION

Mar, 31, 2022 — IRS BUFFALO FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 2 branch locations and about $5.98 million in total assets. Opened 65 years ago in 1957, IRS BUFFALO FEDERAL CREDIT UNION has about 787 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IRS BUFFALO FEDERAL CREDIT UNION
Address:
(Main Office)
130 S Elmwood Ave
BUFFALO, NY 14202-2465
Phone:(716) 854-3714
Fax:(716) 854-3108
Website:http://www.irsbflofcu.org
Branches:2 branch locations
Members:787
Credit Union Type:Federal Credit Union
Charter Number:11524
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1957
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,983,255
CEO/Manager:Lori Makowski
Chairperson:Barbara Kalinowski

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 845,662
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,018,456
 Unsecured Loans 743,823
 Other Loans 2,367,099
 TOTAL LOANS 4,129,378
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -64,178
 Land And Building 0
 Other Fixed Assets 3,160
 NCUSIF Deposit 53,201
 All Other Assets 0
  TOTAL ASSETS 5,983,255
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,153
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 784,111
 Regular shares 4,625,113
 All Other Shares & Deposits 260,394
  TOTAL SHARES & DEPOSITS 5,669,618
  TOTAL LIABILITIES 5,689,771
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 293,484
  TOTAL EQUITY 293,484
  TOTAL LIABILITIES, SHARES, & EQUITY 5,983,255
INCOME & EXPENSE  
 Loan Income 45,432
 Investment Income 1,224
 Other Income 9,706
 Total Employee Compensation & Benefits 29,607
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 35,264
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,259
 Cost of Funds 556
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -57,770
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