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REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION

Dec, 31, 2020 — REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 1 branch location and about $11.23 million in total assets. Opened 85 years ago in 1936, REDIFORM NIAGARA FALLS NY FEDERAL CREDIT UNION has about 2,068 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:http://www.rediformfcu.com
Branches:1 branch locations
Members:2,068
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:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$11,231,694
CEO/Manager:Tammy R Reynolds
Chairperson:Linda L Casper

Call Report

  • Credit Builder
  • Micro Consumer Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,411,850
TOTAL INVESTMENTS 1,330,317
Loans Held for Sale 0
 
 Real Estate Loans 2,342,036
 Unsecured Loans 1,592,287
 Other Loans 3,315,011
 TOTAL LOANS 7,249,334
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,015
 Land And Building 73,539
 Other Fixed Assets 31,598
 NCUSIF Deposit 85,424
 All Other Assets 97,647
  TOTAL ASSETS 11,231,694
LIABILITIES & CAPITAL:  
 Dividends Payable 2,766
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 45,084
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,134,853
 Regular shares 5,260,113
 All Other Shares & Deposits 3,052,301
  TOTAL SHARES & DEPOSITS 9,447,267
  TOTAL LIABILITIES 9,495,117
 Regular Reserve 493,685
 Other Reserves 348,438
 Undivided Earnings 894,454
  TOTAL EQUITY 1,736,577
  TOTAL LIABILITIES, SHARES, & EQUITY 11,231,694
INCOME & EXPENSE  
 Loan Income 417,362
 Investment Income 20,950
 Other Income 62,344
 Total Employee Compensation & Benefits 201,279
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 240,988
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 15,701
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,688
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