Dec, 31, 2020 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTBURY, NY with 6 branch locations and about $408.29 million in total assets. Opened 85 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 20,876 members and employs 71 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) 742-6253 |
| Website: | http://www.nassaufinancial.org |
| Branches: | 6 branch locations |
| Members: | 20,876 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $408,290,927 |
| CEO/Manager: | John T DeCelle |
| Chairperson: | Everett Boccafola |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,247,262 |
| TOTAL INVESTMENTS | 136,099,629 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,677,395 |
| Unsecured Loans | 29,007,877 |
| Other Loans | 26,880,033 |
| TOTAL LOANS | 206,625,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,118,243 |
| Land And Building | 0 |
| Other Fixed Assets | 3,147,857 |
| NCUSIF Deposit | 3,499,818 |
| All Other Assets | 7,789,242 |
| TOTAL ASSETS | 408,290,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,215,923 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,109,320 |
| Regular shares | 109,054,736 |
| All Other Shares & Deposits | 211,551,226 |
| TOTAL SHARES & DEPOSITS | 382,715,282 |
| TOTAL LIABILITIES | 386,931,205 |
| Regular Reserve | 4,917,600 |
| Other Reserves | 816,925 |
| Undivided Earnings | 15,625,197 |
| TOTAL EQUITY | 21,359,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 408,290,927 |
| INCOME & EXPENSE | |
| Loan Income | 8,778,380 |
| Investment Income | 1,880,092 |
| Other Income | 2,957,517 |
| Total Employee Compensation & Benefits | 5,907,061 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,707,689 |
| Non-operating Income & (Expense) | -2,399,651 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 657,075 |
| Cost of Funds | 1,986,061 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,041,548 |
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