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DANNEMORA FEDERAL CREDIT UNION

Dec, 31, 2020 — DANNEMORA FEDERAL CREDIT UNION is a federal credit union headquartered in PLATTSBURGH, NY with 5 branch locations and about $246.03 million in total assets. Opened 63 years ago in 1958, DANNEMORA FEDERAL CREDIT UNION has about 18,951 members and employs 50 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:http://dfcu.net
Branches:5 branch locations
Members:18,951
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$246,029,324
CEO/Manager:Christopher J Hay
Chairperson:Philip H Maynard Jr

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 40,254,486
TOTAL INVESTMENTS 53,808,856
Loans Held for Sale 0
 
 Real Estate Loans 67,510,154
 Unsecured Loans 10,664,723
 Other Loans 59,280,339
 TOTAL LOANS 144,854,883
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,009,772
 Land And Building 4,273,799
 Other Fixed Assets 385,449
 NCUSIF Deposit 1,883,175
 All Other Assets 1,578,448
  TOTAL ASSETS 246,029,324
LIABILITIES & CAPITAL:  
 Dividends Payable 3,310
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,099,865
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 45,642,220
 Regular shares 118,940,583
 All Other Shares & Deposits 44,801,965
  TOTAL SHARES & DEPOSITS 209,384,768
  TOTAL LIABILITIES 216,487,943
 Regular Reserve 3,063,354
 Other Reserves 2,261,938
 Undivided Earnings 24,216,089
  TOTAL EQUITY 29,541,381
  TOTAL LIABILITIES, SHARES, & EQUITY 246,029,324
INCOME & EXPENSE  
 Loan Income 6,537,989
 Investment Income 1,026,666
 Other Income 2,186,595
 Total Employee Compensation & Benefits 3,007,840
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,098,489
 Non-operating Income & (Expense) 230,502
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 257,500
 Cost of Funds 562,640
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,055,283
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