Jun, 30, 2024 — DANNEMORA FEDERAL CREDIT UNION is a federal credit union headquartered in PLATTSBURGH, NY with 5 branch locations and about $279.90 million in total assets. Opened 67 years ago in 1958, DANNEMORA FEDERAL CREDIT UNION has about 20,339 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DANNEMORA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 342 Tom Miller Rd PLATTSBURGH, NY 12901 |
| Phone: | (518) 825-0323 |
| Fax: | |
| Website: | https://dfcu.net |
| Branches: | 5 branch locations |
| Members: | 20,339 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12473 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $279,896,157 |
| CEO/Manager: | Christopher J Hay |
| Chairperson: | Philip H Maynard Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,980,978 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 98,719,121 |
| Unsecured Loans | 10,648,929 |
| Other Loans | 70,562,955 |
| TOTAL LOANS | 179,931,005 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -912,114 |
| Land And Building | 4,533,031 |
| Other Fixed Assets | 277,041 |
| NCUSIF Deposit | 2,293,593 |
| All Other Assets | 0 |
| TOTAL ASSETS | 279,896,157 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,045 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 3,528,121 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,366,217 |
| Regular shares | 141,056,684 |
| All Other Shares & Deposits | 48,693,062 |
| TOTAL SHARES & DEPOSITS | 249,115,963 |
| TOTAL LIABILITIES | 258,648,129 |
| Regular Reserve | 0 |
| Other Reserves | -11,214,724 |
| Undivided Earnings | 32,462,752 |
| TOTAL EQUITY | 21,248,028 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 279,896,157 |
| INCOME & EXPENSE | |
| Loan Income | 5,313,271 |
| Investment Income | 1,379,212 |
| Other Income | 596,710 |
| Total Employee Compensation & Benefits | 2,419,332 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,674,973 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 589,404 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,142,435 |
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