Dec, 31, 2020 — GOOD NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in DEPEW, NY with 3 branch locations and about $74.12 million in total assets. Opened 64 years ago in 1957, GOOD NEIGHBORS FEDERAL CREDIT UNION has about 8,165 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 |
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Address: (Main Office) | 30 BRUNSWICK RD DEPEW, NY 14043 |
Phone: | (716) 681-1460 |
Fax: | (716) 681-5811 |
Website: | http://www.goodneighborscu.com |
Branches: | 3 branch locations |
Members: | 8,165 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11663 |
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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: | $74,123,202 |
CEO/Manager: | Emma Smalley |
Chairperson: | Michael B Shaw |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,362,430 |
TOTAL INVESTMENTS | 24,483,872 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,828,908 |
Unsecured Loans | 3,940,030 |
Other Loans | 18,537,560 |
TOTAL LOANS | 40,306,498 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -433,691 |
Land And Building | 1,383,635 |
Other Fixed Assets | 116,413 |
NCUSIF Deposit | 613,533 |
All Other Assets | 290,512 |
TOTAL ASSETS | 74,123,202 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 494,372 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,283,018 |
Regular shares | 46,547,904 |
All Other Shares & Deposits | 8,899,362 |
TOTAL SHARES & DEPOSITS | 66,730,284 |
TOTAL LIABILITIES | 67,224,656 |
Regular Reserve | 373,547 |
Other Reserves | 409,010 |
Undivided Earnings | 6,115,989 |
TOTAL EQUITY | 6,898,546 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,123,202 |
INCOME & EXPENSE | |
Loan Income | 1,883,228 |
Investment Income | 388,129 |
Other Income | 669,157 |
Total Employee Compensation & Benefits | 962,982 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,226,979 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 227,070 |
Cost of Funds | 85,347 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 438,136 |
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