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GOOD NEIGHBORS FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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