Dec, 31, 2020 — CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $11.07 million in total assets. Opened 62 years ago in 1959, CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION has about 1,107 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3234 Union Road CHEEKTOWAGA, NY 14227 |
Phone: | (716) 684-1741 |
Fax: | (716) 601-7547 |
Website: | https://www.cheektowagacommunityfcu.net/ |
Branches: | 1 branch locations |
Members: | 1,107 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12912 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,066,218 |
CEO/Manager: | Cheryl Kuczynski |
Chairperson: | KEVIN M MCHALE |
ASSETS: | $ Amount |
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Cash & Equivalents | 770,928 |
TOTAL INVESTMENTS | 1,864,320 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,721,424 |
Unsecured Loans | 807,816 |
Other Loans | 2,715,185 |
TOTAL LOANS | 8,244,425 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,538 |
Land And Building | 0 |
Other Fixed Assets | 83,202 |
NCUSIF Deposit | 93,921 |
All Other Assets | 37,960 |
TOTAL ASSETS | 11,066,218 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,359 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,068,453 |
Regular shares | 6,666,307 |
All Other Shares & Deposits | 893,407 |
TOTAL SHARES & DEPOSITS | 9,628,167 |
TOTAL LIABILITIES | 9,631,526 |
Regular Reserve | 600,000 |
Other Reserves | 0 |
Undivided Earnings | 834,692 |
TOTAL EQUITY | 1,434,692 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,066,218 |
INCOME & EXPENSE | |
Loan Income | 371,265 |
Investment Income | 29,390 |
Other Income | 33,079 |
Total Employee Compensation & Benefits | 239,193 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 186,225 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -60,653 |
Cost of Funds | 27,944 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41,025 |
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