Dec, 31, 2023 — CONSUMERS FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $96.31 million in total assets. Opened 59 years ago in 1965, CONSUMERS FEDERAL CREDIT UNION has about 3,895 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONSUMERS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 425 Neptune Ave BROOKLYN, NY 11224-4559 |
Phone: | (718) 266-2204 |
Fax: | (718) 266-1976 |
Website: | https://consumersfcu.org |
Branches: | 1 branch locations |
Members: | 3,895 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16951 |
---|---|
Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $96,305,843 |
CEO/Manager: | Stephen Jacoby |
Chairperson: | Marvin Bader |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,009,036 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 67,142,157 |
Unsecured Loans | 5,695,771 |
Other Loans | 10,032,330 |
TOTAL LOANS | 82,870,258 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -321,856 |
Land And Building | 1,293,036 |
Other Fixed Assets | 453,340 |
NCUSIF Deposit | 605,500 |
All Other Assets | 0 |
TOTAL ASSETS | 96,305,843 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 462,263 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 319,787 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,410,339 |
Regular shares | 26,384,814 |
All Other Shares & Deposits | 53,649,336 |
TOTAL SHARES & DEPOSITS | 84,444,489 |
TOTAL LIABILITIES | 85,226,539 |
Regular Reserve | 0 |
Other Reserves | 356,580 |
Undivided Earnings | 10,722,724 |
TOTAL EQUITY | 11,079,304 |
TOTAL LIABILITIES, SHARES, & EQUITY | 96,305,843 |
INCOME & EXPENSE | |
Loan Income | 3,860,579 |
Investment Income | 162,544 |
Other Income | 308,818 |
Total Employee Compensation & Benefits | 1,579,041 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,033,841 |
Non-operating Income & (Expense) | 213,669 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,830 |
Cost of Funds | 1,734,482 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 100,177 |
↑ Back to Top |