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NASSAU FINANCIAL FEDERAL CREDIT UNION

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

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 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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