Dec, 31, 2020 — AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, NY with 1 branch location and about $1.08 million in total assets. Opened 62 years ago in 1959, AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 220 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 |
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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: | 220 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13367 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,084,181 |
CEO/Manager: | Christine M Papke |
Chairperson: | David Meli |
ASSETS: | $ Amount |
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Cash & Equivalents | 325,000 |
TOTAL INVESTMENTS | 204,908 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 181,909 |
Other Loans | 365,686 |
TOTAL LOANS | 547,595 |
(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 | 3,982 |
TOTAL ASSETS | 1,084,181 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,678 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 895,941 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 895,941 |
TOTAL LIABILITIES | 899,619 |
Regular Reserve | 36,000 |
Other Reserves | 0 |
Undivided Earnings | 148,562 |
TOTAL EQUITY | 184,562 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,084,181 |
INCOME & EXPENSE | |
Loan Income | 27,080 |
Investment Income | 2,804 |
Other Income | 55 |
Total Employee Compensation & Benefits | 13,030 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,121 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,489 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,299 |
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