Sep, 30, 2025 — AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, NY with 1 branch location and about $1.11 million in total assets. Opened 67 years ago in 1959, AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 211 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 67 Cedar St AKRON, NY 14001 |
| Phone: | (716) 292-0886 |
| Fax: | |
| Website: | https://www.asefcu.net |
| Branches: | 1 branch locations |
| Members: | 211 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13367 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,108,196 |
| CEO/Manager: | Rachel L Kleparek |
| Chairperson: | David Meli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 314,256 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 96,094 |
| Other Loans | 381,623 |
| TOTAL LOANS | 477,717 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,500 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,601 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,108,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 867,398 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 867,398 |
| TOTAL LIABILITIES | 870,768 |
| Regular Reserve | 0 |
| Other Reserves | 36,000 |
| Undivided Earnings | 201,428 |
| TOTAL EQUITY | 237,428 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,108,196 |
| INCOME & EXPENSE | |
| Loan Income | 23,133 |
| Investment Income | 9,499 |
| Other Income | 1,370 |
| Total Employee Compensation & Benefits | 11,291 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,402 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
| Cost of Funds | 7,568 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,241 |
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