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INTER-AMERICAN FEDERAL CREDIT UNION

Jun, 30, 2023 — INTER-AMERICAN FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 0 branch location and about $772,457 in total assets. Opened 60 years ago in 1964, INTER-AMERICAN FEDERAL CREDIT UNION has about 650 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:INTER-AMERICAN FEDERAL CREDIT UNION
Address:
(Main Office)
88 Hanson Pl
BROOKLYN, NY 11217
Phone:(718) 638-3655
Fax:(718) 368-3655
Website:n/a
Branches:0 branch locations
Members:650
Credit Union Type:Federal Credit Union
Charter Number:16285
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$772,457
CEO/Manager:David A Dyer
Chairperson:Clyde Semper

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 70,381
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 65,917
 Other Loans 0
 TOTAL LOANS 65,917
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 1,523
 NCUSIF Deposit 7,118
 All Other Assets 0
  TOTAL ASSETS 772,457
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,981
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 674,917
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 674,917
  TOTAL LIABILITIES 687,898
 Regular Reserve 0
 Other Reserves 43,672
 Undivided Earnings 40,887
  TOTAL EQUITY 84,559
  TOTAL LIABILITIES, SHARES, & EQUITY 772,457
INCOME & EXPENSE  
 Loan Income 4,898
 Investment Income 8,339
 Other Income 5
 Total Employee Compensation & Benefits 4,500
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,653
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,089
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