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 |
| 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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