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MARYVALE SCHOOLS FEDERAL CREDIT UNION

Dec, 31, 2020 — MARYVALE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $9.16 million in total assets. Opened 64 years ago in 1957, MARYVALE SCHOOLS FEDERAL CREDIT UNION has about 1,000 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MARYVALE SCHOOLS FEDERAL CREDIT UNION
Address:
(Main Office)
1050 MARYVALE DR
CHEEKTOWAGA, NY 14225
Phone:(716) 633-8750
Fax:(716) 633-4973
Website:http://maryvaleschoolsfcu.com
Branches:1 branch locations
Members:1,000
Credit Union Type:Federal Credit Union
Charter Number:11550
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,159,109
CEO/Manager:Sarah A Bruso
Chairperson:Louis Catalano

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,479,744
TOTAL INVESTMENTS 3,699,279
Loans Held for Sale 0
 
 Real Estate Loans 1,078,527
 Unsecured Loans 536,117
 Other Loans 1,277,100
 TOTAL LOANS 2,891,744
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,553
 Land And Building 0
 Other Fixed Assets 2,656
 NCUSIF Deposit 73,343
 All Other Assets 23,896
  TOTAL ASSETS 9,159,109
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -2,115
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 965,732
 Regular shares 6,253,230
 All Other Shares & Deposits 311,417
  TOTAL SHARES & DEPOSITS 7,530,379
  TOTAL LIABILITIES 7,528,264
 Regular Reserve 102,594
 Other Reserves 0
 Undivided Earnings 1,528,251
  TOTAL EQUITY 1,630,845
  TOTAL LIABILITIES, SHARES, & EQUITY 9,159,109
INCOME & EXPENSE  
 Loan Income 128,318
 Investment Income 69,012
 Other Income 3,432
 Total Employee Compensation & Benefits 62,173
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,365
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,863
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,361
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