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 |
| 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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