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 |
| 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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