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MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION

Dec, 31, 2023 — MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in STATEN ISLAND, NY with 1 branch location and about $2.94 million in total assets. Opened 66 years ago in 1958, MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION has about 854 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION
Address:
(Main Office)
355 Bard Ave
STATEN ISLAND, NY 10310
Phone:(718) 876-2721
Fax:
Website:n/a
Branches:1 branch locations
Members:854
Credit Union Type:Federal Credit Union
Charter Number:12546
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1958
Last Audited:May 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$2,935,031
CEO/Manager:Susan m Ortolano
Chairperson:ANN MARIE COFFEY

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 60,038
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 771,533
 Other Loans 613,692
 TOTAL LOANS 1,385,225
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,530
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 28,239
 All Other Assets 0
  TOTAL ASSETS 2,935,031
LIABILITIES & CAPITAL:  
 Dividends Payable 61
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,379
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 103,334
 Regular shares 2,551,210
 All Other Shares & Deposits 75,056
  TOTAL SHARES & DEPOSITS 2,729,600
  TOTAL LIABILITIES 2,736,040
 Regular Reserve 0
 Other Reserves 146,823
 Undivided Earnings 52,168
  TOTAL EQUITY 198,991
  TOTAL LIABILITIES, SHARES, & EQUITY 2,935,031
INCOME & EXPENSE  
 Loan Income 95,816
 Investment Income 73,628
 Other Income 6,447
 Total Employee Compensation & Benefits 98,443
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,865
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,476
 Cost of Funds 253
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,921
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