Dec, 31, 2020 — SPECIAL METALS FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 1 branch location and about $12.18 million in total assets. Opened 60 years ago in 1961, SPECIAL METALS FEDERAL CREDIT UNION has about 975 members and employs 4 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 |
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Address: (Main Office) | 4340 MIDDLE SETTLEMENT RD NEW HARTFORD, NY 13413-5316 |
Phone: | (315) 797-3575 |
Fax: | (315) 797-1380 |
Website: | http://www.specialmetalsfcu.com |
Branches: | 1 branch locations |
Members: | 975 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14522 |
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Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jul 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,180,165 |
CEO/Manager: | Jaime S McCloskey |
Chairperson: | Gary R Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,267,885 |
TOTAL INVESTMENTS | 9,927 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,335,369 |
Unsecured Loans | 1,273,913 |
Other Loans | 5,506,375 |
TOTAL LOANS | 8,115,657 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,942 |
Land And Building | 657,453 |
Other Fixed Assets | 31,021 |
NCUSIF Deposit | 90,941 |
All Other Assets | 65,223 |
TOTAL ASSETS | 12,180,165 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,813,097 |
Regular shares | 5,995,140 |
All Other Shares & Deposits | 2,747,851 |
TOTAL SHARES & DEPOSITS | 10,556,088 |
TOTAL LIABILITIES | 10,568,768 |
Regular Reserve | 458,286 |
Other Reserves | 0 |
Undivided Earnings | 1,153,111 |
TOTAL EQUITY | 1,611,397 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,180,165 |
INCOME & EXPENSE | |
Loan Income | 519,548 |
Investment Income | 7,212 |
Other Income | 55,414 |
Total Employee Compensation & Benefits | 174,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 197,031 |
Non-operating Income & (Expense) | 10,873 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,300 |
Cost of Funds | 68,695 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 98,921 |
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