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NASSAU FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2021 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in East Meadow, NY with 6 branch locations and about $405.37 million in total assets. Opened 85 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 19,893 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, 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:19,893
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:$405,368,515
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 56,943,699
TOTAL INVESTMENTS 120,773,465
Loans Held for Sale 0
 
 Real Estate Loans 82,743,999
 Unsecured Loans 25,394,356
 Other Loans 22,206,813
 TOTAL LOANS 211,152,954
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,267,995
 Land And Building 5,926,630
 Other Fixed Assets 3,558,633
 NCUSIF Deposit 3,677,426
 All Other Assets 5,603,703
  TOTAL ASSETS 405,368,515
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,070,891
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 65,661,749
 Regular shares 122,405,939
 All Other Shares & Deposits 194,836,740
  TOTAL SHARES & DEPOSITS 382,904,428
  TOTAL LIABILITIES 386,975,319
 Regular Reserve 4,917,600
 Other Reserves -949,492
 Undivided Earnings 14,425,088
  TOTAL EQUITY 18,393,196
  TOTAL LIABILITIES, SHARES, & EQUITY 405,368,515
INCOME & EXPENSE  
 Loan Income 4,005,991
 Investment Income 682,862
 Other Income 1,005,754
 Total Employee Compensation & Benefits 3,015,226
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,399,397
 Non-operating Income & (Expense) 1,468
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 244,661
 Cost of Funds 472,664
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,200,108
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