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ED-MED FEDERAL CREDIT UNION

Mar, 31, 2021 — ED-MED FEDERAL CREDIT UNION is a federal credit union headquartered in OGDENSBURG, NY with 1 branch location and about $30.73 million in total assets. Opened 62 years ago in 1959, ED-MED FEDERAL CREDIT UNION has about 2,182 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:2,182
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$30,728,693
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 981,363
TOTAL INVESTMENTS 19,818,218
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,207,530
 Other Loans 7,243,352
 TOTAL LOANS 9,450,882
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,760
 Land And Building 146,234
 Other Fixed Assets 55,667
 NCUSIF Deposit 228,480
 All Other Assets 93,609
  TOTAL ASSETS 30,728,693
LIABILITIES & CAPITAL:  
 Dividends Payable 19,460
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,642
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,883,493
 Regular shares 14,491,318
 All Other Shares & Deposits 11,446,200
  TOTAL SHARES & DEPOSITS 27,821,011
  TOTAL LIABILITIES 27,849,113
 Regular Reserve 237,728
 Other Reserves 0
 Undivided Earnings 2,641,852
  TOTAL EQUITY 2,879,580
  TOTAL LIABILITIES, SHARES, & EQUITY 30,728,693
INCOME & EXPENSE  
 Loan Income 110,136
 Investment Income 44,777
 Other Income 2,078
 Total Employee Compensation & Benefits 53,945
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,837
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,331
 Cost of Funds 53,410
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,950
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