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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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