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NASSAU FINANCIAL FEDERAL CREDIT UNION

Sep, 30, 2021 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in East Meadow, NY with 6 branch locations and about $393.98 million in total assets. Opened 86 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 19,085 members and employs 66 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, Suite 300
East Meadow, NY 11554-2156
Phone:(516) 742-4900
Fax:(516) 796-4901
Website:http://www.nassaufinancial.org
Branches:6 branch locations
Members:19,085
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$393,982,397
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 60,543,167
TOTAL INVESTMENTS 100,404,320
Loans Held for Sale 0
 
 Real Estate Loans 93,782,126
 Unsecured Loans 23,528,603
 Other Loans 19,723,565
 TOTAL LOANS 214,146,713
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,672,791
 Land And Building 5,886,106
 Other Fixed Assets 3,388,330
 NCUSIF Deposit 3,677,426
 All Other Assets 7,609,126
  TOTAL ASSETS 393,982,397
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,347,811
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 64,793,487
 Regular shares 122,260,171
 All Other Shares & Deposits 185,042,739
  TOTAL SHARES & DEPOSITS 372,096,397
  TOTAL LIABILITIES 376,444,208
 Regular Reserve 4,917,600
 Other Reserves -1,751,100
 Undivided Earnings 14,371,689
  TOTAL EQUITY 17,538,189
  TOTAL LIABILITIES, SHARES, & EQUITY 393,982,397
INCOME & EXPENSE  
 Loan Income 6,071,589
 Investment Income 1,039,188
 Other Income 1,574,170
 Total Employee Compensation & Benefits 4,512,256
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,220,179
 Non-operating Income & (Expense) 197,431
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 290,281
 Cost of Funds 652,458
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,253,508
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