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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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