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SPERRY ASSOCIATES FEDERAL CREDIT UNION

Mar, 31, 2021 — SPERRY ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in Garden City Par, NY with 1 branch location and about $265.35 million in total assets. Opened 85 years ago in 1936, SPERRY ASSOCIATES FEDERAL CREDIT UNION has about 16,303 members and employs 37 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: 221475773
Name:SPERRY ASSOCIATES FEDERAL CREDIT UNION
Address:
(Main Office)
2400 Jericho Tpke
Garden City Par, NY 11040
Phone:(516) 873-7171
Fax:(516) 873-7623
Website:http://www.sperryfcu.org
Branches:1 branch locations
Members:16,303
Credit Union Type:Federal Credit Union
Charter Number:1787
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$265,352,892
CEO/Manager:Kevin Healy
Chairperson:Gary Barello

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,837,108
TOTAL INVESTMENTS 74,204,177
Loans Held for Sale 0
 
 Real Estate Loans 127,476,747
 Unsecured Loans 11,464,065
 Other Loans 28,781,532
 TOTAL LOANS 167,722,344
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,725,366
 Land And Building 3,310,955
 Other Fixed Assets 1,116,915
 NCUSIF Deposit 2,176,465
 All Other Assets 2,710,294
  TOTAL ASSETS 265,352,892
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 848,987
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 48,938,060
 Regular shares 70,369,041
 All Other Shares & Deposits 121,919,743
  TOTAL SHARES & DEPOSITS 241,226,844
  TOTAL LIABILITIES 242,075,831
 Regular Reserve 15,849,981
 Other Reserves 910,896
 Undivided Earnings 6,516,184
  TOTAL EQUITY 23,277,061
  TOTAL LIABILITIES, SHARES, & EQUITY 265,352,892
INCOME & EXPENSE  
 Loan Income 5,222,573
 Investment Income 956,394
 Other Income 1,771,299
 Total Employee Compensation & Benefits 3,326,903
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,393,447
 Non-operating Income & (Expense) 641,115
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 225,000
 Cost of Funds 1,982,966
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 663,065
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