Dec, 31, 2023 — CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $11.66 million in total assets. Opened 65 years ago in 1959, CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION has about 1,133 members and employs 5 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 Rd CHEEKTOWAGA, NY 14227-1044 |
Phone: | (716) 684-1741 |
Fax: | (716) 601-7547 |
Website: | https://www.cheektowagacommunityfcu.net/ |
Branches: | 1 branch locations |
Members: | 1,133 |
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: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,664,908 |
CEO/Manager: | Cheryl Kuczynski |
Chairperson: | Terry m Weldy |
ASSETS: | $ Amount |
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Cash & Equivalents | 726,566 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,782,871 |
Unsecured Loans | 1,017,328 |
Other Loans | 3,921,423 |
TOTAL LOANS | 8,721,622 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,378 |
Land And Building | 0 |
Other Fixed Assets | 21,209 |
NCUSIF Deposit | 99,127 |
All Other Assets | 0 |
TOTAL ASSETS | 11,664,908 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 433 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,480,407 |
Regular shares | 7,021,708 |
All Other Shares & Deposits | 1,638,789 |
TOTAL SHARES & DEPOSITS | 10,140,904 |
TOTAL LIABILITIES | 10,141,337 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,523,571 |
TOTAL EQUITY | 1,523,571 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,664,908 |
INCOME & EXPENSE | |
Loan Income | 458,103 |
Investment Income | 94,059 |
Other Income | 35,543 |
Total Employee Compensation & Benefits | 258,338 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 235,429 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,620 |
Cost of Funds | 36,631 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 66,722 |
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