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 |
| 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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