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NASSAU FINANCIAL FEDERAL CREDIT UNION

Mar, 31, 2021 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTBURY, NY with 6 branch locations and about $410.47 million in total assets. Opened 85 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 20,492 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NASSAU FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
865 MERRICK AVENUE, SUITE 250N
WESTBURY, NY 11590
Phone:(516) 742-4900
Fax:(516) 796-4901
Website:http://www.nassaufinancial.org
Branches:6 branch locations
Members:20,492
Credit Union Type:Federal Credit Union
Charter Number:1404
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$410,473,739
CEO/Manager:John T DeCelle
Chairperson:Everett Boccafola

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 70,902,557
TOTAL INVESTMENTS 122,378,127
Loans Held for Sale 0
 
 Real Estate Loans 71,705,286
 Unsecured Loans 26,854,154
 Other Loans 24,529,638
 TOTAL LOANS 205,900,309
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,513,817
 Land And Building 0
 Other Fixed Assets 3,366,698
 NCUSIF Deposit 3,499,818
 All Other Assets 6,940,047
  TOTAL ASSETS 410,473,739
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,975,266
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 65,757,371
 Regular shares 119,682,792
 All Other Shares & Deposits 204,418,251
  TOTAL SHARES & DEPOSITS 389,858,414
  TOTAL LIABILITIES 392,833,680
 Regular Reserve 4,917,600
 Other Reserves -2,408,749
 Undivided Earnings 15,131,208
  TOTAL EQUITY 17,640,059
  TOTAL LIABILITIES, SHARES, & EQUITY 410,473,739
INCOME & EXPENSE  
 Loan Income 1,997,033
 Investment Income 353,040
 Other Income 485,825
 Total Employee Compensation & Benefits 1,475,844
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,559,568
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 139,920
 Cost of Funds 253,935
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -493,989
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