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MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION

Dec, 31, 2020 — MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in STATEN ISLAND, NY with 1 branch location and about $3.34 million in total assets. Opened 63 years ago in 1958, MEDICAL EMPLOYEES OF STATEN ISLAND FEDERAL CREDIT UNION has about 958 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:958
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:Jul 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,341,676
CEO/Manager:Susan m Ortolano
Chairperson:ANN MARIE COFFEY

Call Report

  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 351,832
TOTAL INVESTMENTS 1,834,574
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 774,565
 Other Loans 351,525
 TOTAL LOANS 1,126,090
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,809
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 26,050
 All Other Assets 17,939
  TOTAL ASSETS 3,341,676
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,167
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 83,816
 Regular shares 2,945,049
 All Other Shares & Deposits 98,679
  TOTAL SHARES & DEPOSITS 3,127,544
  TOTAL LIABILITIES 3,133,711
 Regular Reserve 140,432
 Other Reserves 0
 Undivided Earnings 67,533
  TOTAL EQUITY 207,965
  TOTAL LIABILITIES, SHARES, & EQUITY 3,341,676
INCOME & EXPENSE  
 Loan Income 108,517
 Investment Income 22,411
 Other Income 13,719
 Total Employee Compensation & Benefits 94,661
 NCUSIF Premiums Expense 741
 Total Other Operating Expenses 42,673
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,226
 Cost of Funds 260
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,914
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