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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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