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NASSAU FINANCIAL FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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