Dec, 31, 2022 — CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $11.86 million in total assets. Opened 64 years ago in 1959, CHEEKTOWAGA COMMUNITY FEDERAL CREDIT UNION has about 1,105 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 Rd CHEEKTOWAGA, NY 14227-1044 |
Phone: | (716) 684-1741 |
Fax: | (716) 601-7547 |
Website: | https://www.cheektowagacommunityfcu.net/ |
Branches: | 1 branch locations |
Members: | 1,105 |
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: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,860,292 |
CEO/Manager: | Cheryl Kuczynski |
Chairperson: | Terry m Weldy |
ASSETS: | $ Amount |
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Cash & Equivalents | 748,637 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,282,489 |
Unsecured Loans | 952,347 |
Other Loans | 3,263,665 |
TOTAL LOANS | 8,498,501 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,763 |
Land And Building | 0 |
Other Fixed Assets | 45,875 |
NCUSIF Deposit | 102,477 |
All Other Assets | 0 |
TOTAL ASSETS | 11,860,292 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,988 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,209,133 |
Regular shares | 7,453,635 |
All Other Shares & Deposits | 713,869 |
TOTAL SHARES & DEPOSITS | 10,376,637 |
TOTAL LIABILITIES | 10,378,625 |
Regular Reserve | 0 |
Other Reserves | 600,000 |
Undivided Earnings | 881,667 |
TOTAL EQUITY | 1,481,667 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,860,292 |
INCOME & EXPENSE | |
Loan Income | 248,071 |
Investment Income | 17,361 |
Other Income | 25,121 |
Total Employee Compensation & Benefits | 166,281 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 157,259 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,336 |
Cost of Funds | 10,162 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -7,458 |
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