Sep, 30, 2025 — SPECIAL METALS FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $21.45 million in total assets. Opened 65 years ago in 1961, SPECIAL METALS FEDERAL CREDIT UNION has about 1,858 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPECIAL METALS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4340 Middle Settlement Rd NEW HARTFORD, NY 13413-5316 |
| Phone: | (315) 797-3575 |
| Fax: | (315) 797-1380 |
| Website: | https://www.specialmetalsfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,858 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14522 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,450,693 |
| CEO/Manager: | Michelle Siriano |
| Chairperson: | Gary R Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,050,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,085,106 |
| Unsecured Loans | 1,836,059 |
| Other Loans | 9,553,114 |
| TOTAL LOANS | 13,474,279 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,809 |
| Land And Building | 661,862 |
| Other Fixed Assets | 73,184 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 180,629 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,450,693 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,660 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,688,997 |
| Regular shares | 10,945,980 |
| All Other Shares & Deposits | 4,092,792 |
| TOTAL SHARES & DEPOSITS | 18,727,769 |
| TOTAL LIABILITIES | 18,742,429 |
| Regular Reserve | 0 |
| Other Reserves | 1,326,200 |
| Undivided Earnings | 1,382,064 |
| TOTAL EQUITY | 2,708,264 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,450,693 |
| INCOME & EXPENSE | |
| Loan Income | 698,967 |
| Investment Income | 98,630 |
| Other Income | 45,317 |
| Total Employee Compensation & Benefits | 226,459 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 361,864 |
| Non-operating Income & (Expense) | 1,935 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 222,830 |
| Cost of Funds | 156,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -64,460 |
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