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SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION

Sep, 30, 2025 — SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LACKAWANNA, NY with 1 branch location and about $19.38 million in total assets. Opened 59 years ago in 1967, SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION has about 2,123 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
3040 S PARK AVE
LACKAWANNA, NY 14218-2643
Phone:(716) 827-7788
Fax:(716) 827-7791
Website:https://www.stownsfcu.com
Branches:1 branch locations
Members:2,123
Credit Union Type:Federal Credit Union
Charter Number:17891
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,380,850
CEO/Manager:diana lavis
Chairperson:Anthony Desantis

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,705,918
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,086,663
 Unsecured Loans 665,180
 Other Loans 2,273,987
 TOTAL LOANS 5,025,830
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,551
 Land And Building 273,929
 Other Fixed Assets 45,327
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 175,637
 All Other Assets 0
  TOTAL ASSETS 19,380,850
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 75,553
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,709,275
 Regular shares 14,055,967
 All Other Shares & Deposits 100,040
  TOTAL SHARES & DEPOSITS 17,865,282
  TOTAL LIABILITIES 17,940,835
 Regular Reserve 0
 Other Reserves 209,535
 Undivided Earnings 1,230,480
  TOTAL EQUITY 1,440,015
  TOTAL LIABILITIES, SHARES, & EQUITY 19,380,850
INCOME & EXPENSE  
 Loan Income 146,931
 Investment Income 113,051
 Other Income 93,627
 Total Employee Compensation & Benefits 173,733
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 198,606
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,836
 Cost of Funds 1,182
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,827
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