Dec, 31, 2023 — REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 1 branch location and about $11.03 million in total assets. Opened 88 years ago in 1936, REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION has about 1,937 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3236 Lockport RD NIAGARA FALLS, NY 14305-2312 |
Phone: | (716) 284-2430 |
Fax: | (716) 284-0923 |
Website: | https://www.rediformfcu.com |
Branches: | 1 branch locations |
Members: | 1,937 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1317 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,027,404 |
CEO/Manager: | Linda L Casper |
Chairperson: | Paul F Klock |
ASSETS: | $ Amount |
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Cash & Equivalents | 326,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,244,476 |
Unsecured Loans | 1,476,093 |
Other Loans | 4,617,679 |
TOTAL LOANS | 8,338,248 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -148,327 |
Land And Building | 76,704 |
Other Fixed Assets | 13,090 |
NCUSIF Deposit | 100,777 |
All Other Assets | 0 |
TOTAL ASSETS | 11,027,404 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 48,869 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,093,673 |
Regular shares | 5,337,448 |
All Other Shares & Deposits | 2,808,538 |
TOTAL SHARES & DEPOSITS | 9,239,659 |
TOTAL LIABILITIES | 9,288,528 |
Regular Reserve | 0 |
Other Reserves | 842,123 |
Undivided Earnings | 896,753 |
TOTAL EQUITY | 1,738,876 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,027,404 |
INCOME & EXPENSE | |
Loan Income | 451,821 |
Investment Income | 45,261 |
Other Income | 65,819 |
Total Employee Compensation & Benefits | 234,718 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 280,140 |
Non-operating Income & (Expense) | 6,421 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 40,466 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,675 |
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» See also Statement of Financial Condition