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 |
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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 |
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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 |
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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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