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AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, NY with 1 branch location and about $1.36 million in total assets. Opened 66 years ago in 1959, AKRON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 219 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:https://www.asefcu.net
Branches:1 branch locations
Members:219
Credit Union Type:Federal Credit Union
Charter Number:13367
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$1,359,871
CEO/Manager:Christine M Papke
Chairperson:David Meli

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 145,992
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 124,807
 Other Loans 628,172
 TOTAL LOANS 752,979
 (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 9,731
 All Other Assets 0
  TOTAL ASSETS 1,359,871
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,939
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,160,599
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,160,599
  TOTAL LIABILITIES 1,162,538
 Regular Reserve 0
 Other Reserves 36,000
 Undivided Earnings 161,333
  TOTAL EQUITY 197,333
  TOTAL LIABILITIES, SHARES, & EQUITY 1,359,871
INCOME & EXPENSE  
 Loan Income 16,782
 Investment Income 4,252
 Other Income 5
 Total Employee Compensation & Benefits 9,924
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,898
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,906
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,311
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