Jun, 30, 2024 — FINGER LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in GENEVA, NY with 4 branch locations and about $240.60 million in total assets. Opened 58 years ago in 1967, FINGER LAKES FEDERAL CREDIT UNION has about 22,133 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINGER LAKES FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 27 Seneca St GENEVA, NY 14456-3502 |
Phone: | (315) 781-1334 |
Fax: | (315) 781-2385 |
Website: | https://www.flfcu.org |
Branches: | 4 branch locations |
Members: | 22,133 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18022 |
---|---|
Membership Type: | Community - CBSA(+) Adjacent |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $240,600,872 |
CEO/Manager: | Robert J McFadden |
Chairperson: | Robert Stivers |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 7,963,075 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 87,043,677 |
Unsecured Loans | 12,627,473 |
Other Loans | 76,008,840 |
TOTAL LOANS | 175,679,990 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -543,900 |
Land And Building | 1,538,791 |
Other Fixed Assets | 244,485 |
NCUSIF Deposit | 2,169,645 |
All Other Assets | 0 |
TOTAL ASSETS | 240,600,872 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,042,985 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,845,813 |
Regular shares | 142,287,726 |
All Other Shares & Deposits | 25,312,836 |
TOTAL SHARES & DEPOSITS | 221,446,375 |
TOTAL LIABILITIES | 222,489,360 |
Regular Reserve | 0 |
Other Reserves | 14,731 |
Undivided Earnings | 18,096,781 |
TOTAL EQUITY | 18,111,512 |
TOTAL LIABILITIES, SHARES, & EQUITY | 240,600,872 |
INCOME & EXPENSE | |
Loan Income | 4,275,604 |
Investment Income | 642,104 |
Other Income | 1,219,769 |
Total Employee Compensation & Benefits | 2,800,531 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,776,273 |
Non-operating Income & (Expense) | -11,921 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 159,033 |
Cost of Funds | 86,058 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,618,212 |
↑ Back to Top |