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CONSUMERS FEDERAL CREDIT UNION

Mar, 31, 2021 — CONSUMERS FEDERAL CREDIT UNION is a federal credit union headquartered in Brooklyn, NY with 2 branch locations and about $73.73 million in total assets. Opened 56 years ago in 1965, CONSUMERS FEDERAL CREDIT UNION has about 2,318 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 226074946
Name:CONSUMERS FEDERAL CREDIT UNION
Address:
(Main Office)
425 Neptune Ave
Brooklyn, NY 11224-4559
Phone:(718) 266-2204
Fax:(718) 266-1976
Website:http://consumersfcu.org
Branches:2 branch locations
Members:2,318
Credit Union Type:Federal Credit Union
Charter Number:16951
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$73,727,641
CEO/Manager:Stephen W Jacoby
Chairperson:Marvin Bader

Call Report

  • Commercial Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,949,376
TOTAL INVESTMENTS 2,527,980
Loans Held for Sale 0
 
 Real Estate Loans 48,947,555
 Unsecured Loans 3,195,716
 Other Loans 3,253,637
 TOTAL LOANS 55,396,908
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,218
 Land And Building 1,276,413
 Other Fixed Assets 329,821
 NCUSIF Deposit 501,666
 All Other Assets 881,695
  TOTAL ASSETS 73,727,641
LIABILITIES & CAPITAL:  
 Dividends Payable 184,601
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 307,665
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,007,835
 Regular shares 21,526,462
 All Other Shares & Deposits 38,388,047
  TOTAL SHARES & DEPOSITS 63,922,344
  TOTAL LIABILITIES 64,414,610
 Regular Reserve 2,871,882
 Other Reserves 381,403
 Undivided Earnings 6,059,746
  TOTAL EQUITY 9,313,031
  TOTAL LIABILITIES, SHARES, & EQUITY 73,727,641
INCOME & EXPENSE  
 Loan Income 621,677
 Investment Income 14,556
 Other Income 30,361
 Total Employee Compensation & Benefits 295,489
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 312,953
 Non-operating Income & (Expense) 116,733
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -28,297
 Cost of Funds 200,462
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,720
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