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ED-MED FEDERAL CREDIT UNION

Dec, 31, 2020 — ED-MED FEDERAL CREDIT UNION is a federal credit union headquartered in OGDENSBURG, NY with 1 branch location and about $28.47 million in total assets. Opened 62 years ago in 1959, ED-MED FEDERAL CREDIT UNION has about 2,176 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:ED-MED FEDERAL CREDIT UNION
Address:
(Main Office)
601 FORD ST
OGDENSBURG, NY 13669
Phone:(315) 393-2873
Fax:(315) 393-2880
Website:http://edmedfcu.com
Branches:1 branch locations
Members:2,176
Credit Union Type:Federal Credit Union
Charter Number:13186
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$28,465,057
CEO/Manager:MICHAEL S BRASHAW
Chairperson:JEFFREY A SMITH

Call Report

  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 804,993
TOTAL INVESTMENTS 17,718,174
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,407,847
 Other Loans 7,078,063
 TOTAL LOANS 9,485,910
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,048
 Land And Building 147,568
 Other Fixed Assets 58,684
 NCUSIF Deposit 228,480
 All Other Assets 69,296
  TOTAL ASSETS 28,465,057
LIABILITIES & CAPITAL:  
 Dividends Payable 22,410
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,154
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,664,001
 Regular shares 12,951,131
 All Other Shares & Deposits 10,951,731
  TOTAL SHARES & DEPOSITS 25,566,863
  TOTAL LIABILITIES 25,598,427
 Regular Reserve 237,728
 Other Reserves 0
 Undivided Earnings 2,628,902
  TOTAL EQUITY 2,866,630
  TOTAL LIABILITIES, SHARES, & EQUITY 28,465,057
INCOME & EXPENSE  
 Loan Income 435,537
 Investment Income 258,075
 Other Income 17,861
 Total Employee Compensation & Benefits 217,182
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 139,478
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,102
 Cost of Funds 225,898
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 106,813
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