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