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 |
| 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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