Mar, 31, 2021 — GOOD NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in DEPEW, NY with 2 branch locations and about $79.04 million in total assets. Opened 64 years ago in 1957, GOOD NEIGHBORS FEDERAL CREDIT UNION has about 8,321 members and employs 21 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: | 8,321 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $79,042,245 |
| CEO/Manager: | Emma Smalley |
| Chairperson: | Michael B Shaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,565,083 |
| TOTAL INVESTMENTS | 28,635,922 |
| Loans Held for Sale | 279,750 |
| Real Estate Loans | 17,400,130 |
| Unsecured Loans | 3,954,271 |
| Other Loans | 19,256,225 |
| TOTAL LOANS | 40,610,626 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,920 |
| Land And Building | 1,323,850 |
| Other Fixed Assets | 122,757 |
| NCUSIF Deposit | 611,611 |
| All Other Assets | 337,566 |
| TOTAL ASSETS | 79,042,245 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 704,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,232,263 |
| Regular shares | 48,194,942 |
| All Other Shares & Deposits | 9,893,947 |
| TOTAL SHARES & DEPOSITS | 71,321,152 |
| TOTAL LIABILITIES | 72,025,818 |
| Regular Reserve | 373,547 |
| Other Reserves | 405,691 |
| Undivided Earnings | 6,237,189 |
| TOTAL EQUITY | 7,016,427 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,042,245 |
| INCOME & EXPENSE | |
| Loan Income | 513,894 |
| Investment Income | 80,644 |
| Other Income | 77,983 |
| Total Employee Compensation & Benefits | 284,640 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 282,064 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,539 |
| Cost of Funds | 21,608 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,200 |
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