Dec, 31, 2023 — COMPASS FEDERAL CREDIT UNION is a federal credit union headquartered in OSWEGO, NY with 6 branch locations and about $84.86 million in total assets. Opened 58 years ago in 1966, COMPASS FEDERAL CREDIT UNION has about 7,917 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMPASS FEDERAL CREDIT UNION |
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Address: (Main Office) | 131 George St OSWEGO, NY 13126-2915 |
Phone: | (315) 342-5300 |
Fax: | (315) 342-5294 |
Website: | https://www.compassfcu.com |
Branches: | 6 branch locations |
Members: | 7,917 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17665 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $84,858,329 |
CEO/Manager: | Jennifer Rupert |
Chairperson: | Michael Pisa |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,736,114 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 27,795,565 |
Unsecured Loans | 8,748,317 |
Other Loans | 17,358,081 |
TOTAL LOANS | 53,901,963 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -320,056 |
Land And Building | 2,339,981 |
Other Fixed Assets | 245,326 |
NCUSIF Deposit | 744,561 |
All Other Assets | 10,038 |
TOTAL ASSETS | 84,858,329 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,162,788 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,338,089 |
Regular shares | 36,631,805 |
All Other Shares & Deposits | 15,529,208 |
TOTAL SHARES & DEPOSITS | 70,499,102 |
TOTAL LIABILITIES | 71,661,890 |
Regular Reserve | 0 |
Other Reserves | 920,886 |
Undivided Earnings | 12,275,553 |
TOTAL EQUITY | 13,196,439 |
TOTAL LIABILITIES, SHARES, & EQUITY | 84,858,329 |
INCOME & EXPENSE | |
Loan Income | 2,800,668 |
Investment Income | 509,232 |
Other Income | 277,692 |
Total Employee Compensation & Benefits | 1,375,953 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,703,143 |
Non-operating Income & (Expense) | 9,506 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 154,004 |
Cost of Funds | 436,337 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 669,372 |
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