Jun, 30, 2021 — GOOD NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in DEPEW, NY with 2 branch locations and about $81.62 million in total assets. Opened 64 years ago in 1957, GOOD NEIGHBORS FEDERAL CREDIT UNION has about 8,494 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: | 8,494 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,624,703 |
| CEO/Manager: | Emma Smalley |
| Chairperson: | Michael B Shaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,719,377 |
| TOTAL INVESTMENTS | 30,869,096 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,400,882 |
| Unsecured Loans | 4,087,719 |
| Other Loans | 20,042,302 |
| TOTAL LOANS | 42,530,903 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -321,694 |
| Land And Building | 1,008,613 |
| Other Fixed Assets | 112,659 |
| NCUSIF Deposit | 648,465 |
| All Other Assets | 1,057,284 |
| TOTAL ASSETS | 81,624,703 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,143,895 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,807,556 |
| Regular shares | 50,675,552 |
| All Other Shares & Deposits | 9,599,592 |
| TOTAL SHARES & DEPOSITS | 73,082,700 |
| TOTAL LIABILITIES | 74,226,595 |
| Regular Reserve | 373,547 |
| Other Reserves | 405,691 |
| Undivided Earnings | 6,618,870 |
| TOTAL EQUITY | 7,398,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,624,703 |
| INCOME & EXPENSE | |
| Loan Income | 1,047,945 |
| Investment Income | 160,493 |
| Other Income | 160,820 |
| Total Employee Compensation & Benefits | 562,286 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 667,480 |
| Non-operating Income & (Expense) | -6,560 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,915 |
| Cost of Funds | 36,449 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 502,880 |
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