Dec, 31, 2023 — SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LACKAWANNA, NY with 1 branch location and about $17.90 million in total assets. Opened 57 years ago in 1967, SOUTH TOWNS COMMUNITY FEDERAL CREDIT UNION has about 2,046 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: | 2,046 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,897,088 |
| CEO/Manager: | diana lavis |
| Chairperson: | Anthony Desantis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 957,639 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,884,405 |
| Unsecured Loans | 581,539 |
| Other Loans | 4,308,051 |
| TOTAL LOANS | 6,773,995 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,298 |
| Land And Building | 269,445 |
| Other Fixed Assets | 20,363 |
| NCUSIF Deposit | 173,844 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,897,088 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 52,600 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,284,019 |
| Regular shares | 12,994,532 |
| All Other Shares & Deposits | 64,075 |
| TOTAL SHARES & DEPOSITS | 16,342,626 |
| TOTAL LIABILITIES | 16,395,226 |
| Regular Reserve | 0 |
| Other Reserves | 209,535 |
| Undivided Earnings | 1,292,327 |
| TOTAL EQUITY | 1,501,862 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,897,088 |
| INCOME & EXPENSE | |
| Loan Income | 266,269 |
| Investment Income | 256,978 |
| Other Income | 74,444 |
| Total Employee Compensation & Benefits | 290,012 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 290,853 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,641 |
| Cost of Funds | 9,620 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,253 |
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