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MARYVALE SCHOOLS FEDERAL CREDIT UNION

Mar, 31, 2022 — MARYVALE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $10.47 million in total assets. Opened 65 years ago in 1957, MARYVALE SCHOOLS FEDERAL CREDIT UNION has about 1,100 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:1,100
Credit Union Type:Federal Credit Union
Charter Number:11550
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,469,177
CEO/Manager:Sarah A Bruso
Chairperson:Robert Przepiora

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,130,622
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,040,390
 Unsecured Loans 435,373
 Other Loans 980,662
 TOTAL LOANS 2,456,425
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,786
 Land And Building 0
 Other Fixed Assets 2,939
 NCUSIF Deposit 75,304
 All Other Assets 0
  TOTAL ASSETS 10,469,177
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -245
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,143,631
 Regular shares 7,081,925
 All Other Shares & Deposits 544,692
  TOTAL SHARES & DEPOSITS 8,770,248
  TOTAL LIABILITIES 8,770,003
 Regular Reserve 0
 Other Reserves 102,594
 Undivided Earnings 1,596,580
  TOTAL EQUITY 1,699,174
  TOTAL LIABILITIES, SHARES, & EQUITY 10,469,177
INCOME & EXPENSE  
 Loan Income 26,245
 Investment Income 14,263
 Other Income 0
 Total Employee Compensation & Benefits 18,782
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,403
 Non-operating Income & (Expense) 11,226
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,436
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,113
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