Mar, 31, 2021 — AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, NY with 1 branch location and about $1.13 million in total assets. Opened 62 years ago in 1959, AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 218 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) | 4977 N AYERS RD AKRON, NY 14001 |
| Phone: | (716) 628-1419 |
| Fax: | (716) 628-1419 |
| Website: | http://www.asefcu.net |
| Branches: | 1 branch locations |
| Members: | 218 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13367 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,131,236 |
| CEO/Manager: | Christine M Papke |
| Chairperson: | David Meli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 354,768 |
| TOTAL INVESTMENTS | 204,908 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 97,402 |
| Other Loans | 468,106 |
| TOTAL LOANS | 565,508 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,000 |
| Land And Building | 0 |
| Other Fixed Assets | 21 |
| NCUSIF Deposit | 7,675 |
| All Other Assets | 3,356 |
| TOTAL ASSETS | 1,131,236 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,865 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 941,702 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 941,702 |
| TOTAL LIABILITIES | 945,567 |
| Regular Reserve | 36,000 |
| Other Reserves | 0 |
| Undivided Earnings | 149,669 |
| TOTAL EQUITY | 185,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,131,236 |
| INCOME & EXPENSE | |
| Loan Income | 6,221 |
| Investment Income | 319 |
| Other Income | 35 |
| Total Employee Compensation & Benefits | 3,258 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,536 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 674 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,107 |
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