Dec, 31, 2021 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 6 branch locations and about $390.38 million in total assets. Opened 86 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 18,362 members and employs 67 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 |
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Address: (Main Office) | 2575 Hempstead Tpke EAST MEADOW, NY 11554-2156 |
Phone: | (516) 742-4900 |
Fax: | (516) 796-4901 |
Website: | http://www.nassaufinancial.org |
Branches: | 6 branch locations |
Members: | 18,362 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1404 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Feb 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $390,375,618 |
CEO/Manager: | John T DeCelle |
Chairperson: | Everett Boccafola |
ASSETS: | $ Amount |
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Cash & Equivalents | 57,784,251 |
TOTAL INVESTMENTS | 96,395,225 |
Loans Held for Sale | 0 |
Real Estate Loans | 97,008,744 |
Unsecured Loans | 22,522,180 |
Other Loans | 18,857,955 |
TOTAL LOANS | 212,789,586 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,342,415 |
Land And Building | 5,855,713 |
Other Fixed Assets | 3,359,875 |
NCUSIF Deposit | 3,684,232 |
All Other Assets | 11,849,151 |
TOTAL ASSETS | 390,375,618 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,057,742 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 67,021,452 |
Regular shares | 124,314,394 |
All Other Shares & Deposits | 178,234,572 |
TOTAL SHARES & DEPOSITS | 369,570,418 |
TOTAL LIABILITIES | 373,628,160 |
Regular Reserve | 4,917,600 |
Other Reserves | -2,492,468 |
Undivided Earnings | 14,322,326 |
TOTAL EQUITY | 16,747,458 |
TOTAL LIABILITIES, SHARES, & EQUITY | 390,375,618 |
INCOME & EXPENSE | |
Loan Income | 8,055,897 |
Investment Income | 1,250,105 |
Other Income | 2,133,624 |
Total Employee Compensation & Benefits | 5,554,910 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,281,487 |
Non-operating Income & (Expense) | 197,803 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -70,971 |
Cost of Funds | 803,213 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,302,872 |
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