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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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