Mar, 31, 2022 — GOOD NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in DEPEW, NY with 2 branch locations and about $86.96 million in total assets. Opened 65 years ago in 1957, GOOD NEIGHBORS FEDERAL CREDIT UNION has about 8,874 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOOD NEIGHBORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 Brunswick Rd DEPEW, NY 14043 |
| Phone: | (716) 681-1460 |
| Fax: | (716) 681-5811 |
| Website: | http://www.goodneighborscu.com |
| Branches: | 2 branch locations |
| Members: | 8,874 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11663 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $86,959,387 |
| CEO/Manager: | Emma Smalley |
| Chairperson: | Aaron Ruda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,911,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 465,800 |
| Real Estate Loans | 21,474,780 |
| Unsecured Loans | 4,455,874 |
| Other Loans | 22,556,431 |
| TOTAL LOANS | 48,487,085 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,732 |
| Land And Building | 947,496 |
| Other Fixed Assets | 87,845 |
| NCUSIF Deposit | 708,479 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,959,387 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,024,822 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,672,555 |
| Regular shares | 54,401,725 |
| All Other Shares & Deposits | 9,704,149 |
| TOTAL SHARES & DEPOSITS | 77,778,429 |
| TOTAL LIABILITIES | 78,803,251 |
| Regular Reserve | 0 |
| Other Reserves | 779,238 |
| Undivided Earnings | 7,376,898 |
| TOTAL EQUITY | 8,156,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,959,387 |
| INCOME & EXPENSE | |
| Loan Income | 603,759 |
| Investment Income | 74,286 |
| Other Income | 128,694 |
| Total Employee Compensation & Benefits | 380,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 387,751 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -184,669 |
| Cost of Funds | 12,825 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 426,944 |
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