Jun, 30, 2024 — AFGM ENTERPRISES FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $12.75 million in total assets. Opened 62 years ago in 1963, AFGM ENTERPRISES FEDERAL CREDIT UNION has about 1,256 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: | AFGM ENTERPRISES FEDERAL CREDIT UNION |
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Address: (Main Office) | 132 Cayuga Rd CHEEKTOWAGA, NY 14225 |
Phone: | (716) 634-3636 |
Fax: | (716) 276-6366 |
Website: | https://afgmentfcu.net |
Branches: | 1 branch locations |
Members: | 1,256 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15618 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,752,819 |
CEO/Manager: | SANDRA J RANDOLPH |
Chairperson: | Gene Kuberka |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,740,672 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,325,887 |
Unsecured Loans | 667,939 |
Other Loans | 5,288,691 |
TOTAL LOANS | 8,947,208 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,455 |
Land And Building | 0 |
Other Fixed Assets | 20,158 |
NCUSIF Deposit | 95,484 |
All Other Assets | 0 |
TOTAL ASSETS | 12,752,819 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 946 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 472,613 |
Regular shares | 9,260,475 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 9,733,088 |
TOTAL LIABILITIES | 9,734,034 |
Regular Reserve | 0 |
Other Reserves | 350,000 |
Undivided Earnings | 2,668,785 |
TOTAL EQUITY | 3,018,785 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,752,819 |
INCOME & EXPENSE | |
Loan Income | 259,186 |
Investment Income | 26,082 |
Other Income | 11,617 |
Total Employee Compensation & Benefits | 127,204 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 123,280 |
Non-operating Income & (Expense) | 19,208 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
Cost of Funds | 10,323 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 45,286 |
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