I C S FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — I C S FEDERAL CREDIT UNION is a federal credit union headquartered in ELMA, NY with 1 branch location and about $2.06 million in total assets. Opened 61 years ago in 1963, I C S FEDERAL CREDIT UNION has about 410 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | I C S FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 32 ELMA, NY 14059 |
Phone: | (716) 995-2316 |
Fax: | (716) 995-2317 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 410 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15662 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,064,032 |
CEO/Manager: | connie schmidle |
Chairperson: | JAMES MOCH |
ASSETS: | $ Amount |
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Cash & Equivalents | 239,135 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 68,444 |
Other Loans | 1,205,223 |
TOTAL LOANS | 1,273,667 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,336 |
Land And Building | 0 |
Other Fixed Assets | 1,120 |
NCUSIF Deposit | 19,554 |
All Other Assets | 0 |
TOTAL ASSETS | 2,064,032 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 95 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,791 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,907,396 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,907,396 |
TOTAL LIABILITIES | 1,910,282 |
Regular Reserve | 0 |
Other Reserves | 50,423 |
Undivided Earnings | 103,327 |
TOTAL EQUITY | 153,750 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,064,032 |
INCOME & EXPENSE | |
Loan Income | 24,473 |
Investment Income | 1,169 |
Other Income | 349 |
Total Employee Compensation & Benefits | 17,324 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,930 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 522 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,294 |
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» See also Statement of Financial Condition