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SUFFOLK FEDERAL CREDIT UNION

Mar, 31, 2021 — SUFFOLK FEDERAL CREDIT UNION is a federal credit union headquartered in Medford, NY with 10 branch locations and about $1.46 billion in total assets. Opened 54 years ago in 1967, SUFFOLK FEDERAL CREDIT UNION has about 63,404 members and employs 184 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: 221481181
Name:SUFFOLK FEDERAL CREDIT UNION
Address:
(Main Office)
3681 Horseblock Rd
Medford, NY 11763-2242
Phone:(631) 924-8000
Fax:(631) 396-1246
Website:http://www.suffolkfcu.org
Branches:10 branch locations
Members:63,404
Credit Union Type:Federal Credit Union
Charter Number:17914
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,464,870,319
CEO/Manager:Michele Dean
Chairperson:James J Maggio, Jr.

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer 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
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 172,737,920
TOTAL INVESTMENTS 440,750,644
Loans Held for Sale 3,699,500
 
 Real Estate Loans 610,586,943
 Unsecured Loans 40,024,084
 Other Loans 134,900,661
 TOTAL LOANS 785,512,576
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,093,474
 Land And Building 6,683,973
 Other Fixed Assets 3,097,856
 NCUSIF Deposit 11,294,761
 All Other Assets 44,186,563
  TOTAL ASSETS 1,464,870,319
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 693,165
 Accounts Payable & Other Liabilities 18,000,631
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 268,552,663
 Regular shares 619,957,875
 All Other Shares & Deposits 437,616,242
  TOTAL SHARES & DEPOSITS 1,326,126,780
  TOTAL LIABILITIES 1,344,820,576
 Regular Reserve 7,238,221
 Other Reserves -2,454,684
 Undivided Earnings 115,266,206
  TOTAL EQUITY 120,049,743
  TOTAL LIABILITIES, SHARES, & EQUITY 1,464,870,319
INCOME & EXPENSE  
 Loan Income 7,809,014
 Investment Income 1,288,792
 Other Income 753,903
 Total Employee Compensation & Benefits 4,188,861
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,878,660
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 902,763
 Cost of Funds 1,224,481
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,457,467
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