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AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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