Dec, 31, 2023 — STATE CS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, NY with 2 branch locations and about $37.12 million in total assets. Opened 60 years ago in 1964, STATE CS EMPLOYEES FEDERAL CREDIT UNION has about 2,623 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STATE CS EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | Dulles State Office Building WATERTOWN, NY 13601 |
Phone: | (315) 785-2400 |
Fax: | (315) 785-2459 |
Website: | https://www.statecs.org |
Branches: | 2 branch locations |
Members: | 2,623 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16207 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,122,724 |
CEO/Manager: | Jacqueline Ramirez |
Chairperson: | Owen Virkler |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,000,068 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,122,449 |
Unsecured Loans | 2,327,236 |
Other Loans | 25,658,774 |
TOTAL LOANS | 31,108,459 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -366,768 |
Land And Building | 0 |
Other Fixed Assets | 47,051 |
NCUSIF Deposit | 298,376 |
All Other Assets | 0 |
TOTAL ASSETS | 37,122,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 213,861 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,037,139 |
Regular shares | 12,195,697 |
All Other Shares & Deposits | 17,361,016 |
TOTAL SHARES & DEPOSITS | 33,593,854 |
TOTAL LIABILITIES | 33,807,715 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,315,009 |
TOTAL EQUITY | 3,315,009 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,122,724 |
INCOME & EXPENSE | |
Loan Income | 1,746,715 |
Investment Income | 101,453 |
Other Income | 226,156 |
Total Employee Compensation & Benefits | 662,482 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 555,920 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 134,614 |
Cost of Funds | 514,609 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 380,760 |
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