Jun, 30, 2024 — 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 |
| 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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