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MARYVALE SCHOOLS FEDERAL CREDIT UNION

Jun, 30, 2021 — MARYVALE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $10.40 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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,396,271
CEO/Manager:Sarah A Bruso
Chairperson:Louis Catalano

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,892,049
TOTAL INVESTMENTS 3,649,277
Loans Held for Sale 0
 
 Real Estate Loans 1,115,639
 Unsecured Loans 505,705
 Other Loans 1,143,632
 TOTAL LOANS 2,764,976
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,728
 Land And Building 0
 Other Fixed Assets 4,381
 NCUSIF Deposit 75,304
 All Other Assets 22,012
  TOTAL ASSETS 10,396,271
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,368
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,097,148
 Regular shares 7,087,450
 All Other Shares & Deposits 551,474
  TOTAL SHARES & DEPOSITS 8,736,072
  TOTAL LIABILITIES 8,734,704
 Regular Reserve 102,594
 Other Reserves 0
 Undivided Earnings 1,558,973
  TOTAL EQUITY 1,661,567
  TOTAL LIABILITIES, SHARES, & EQUITY 10,396,271
INCOME & EXPENSE  
 Loan Income 57,227
 Investment Income 30,189
 Other Income 2,298
 Total Employee Compensation & Benefits 31,763
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,491
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,738
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 30,722
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