Dec, 31, 2023 — FINGER LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in GENEVA, NY with 4 branch locations and about $235.98 million in total assets. Opened 57 years ago in 1967, FINGER LAKES FEDERAL CREDIT UNION has about 21,323 members and employs 47 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: | 21,323 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $235,979,235 |
| CEO/Manager: | Robert J McFadden |
| Chairperson: | Robert Stivers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,353,126 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,661,339 |
| Unsecured Loans | 12,305,079 |
| Other Loans | 67,571,555 |
| TOTAL LOANS | 169,537,973 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -862,238 |
| Land And Building | 1,490,562 |
| Other Fixed Assets | 208,336 |
| NCUSIF Deposit | 2,137,884 |
| All Other Assets | 0 |
| TOTAL ASSETS | 235,979,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,817,385 |
| Accounts Payable & Other Liabilities | 1,246,107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,108,834 |
| Regular shares | 132,827,892 |
| All Other Shares & Deposits | 21,661,106 |
| TOTAL SHARES & DEPOSITS | 209,597,833 |
| TOTAL LIABILITIES | 213,661,325 |
| Regular Reserve | 0 |
| Other Reserves | 875,221 |
| Undivided Earnings | 21,442,689 |
| TOTAL EQUITY | 22,317,910 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 235,979,235 |
| INCOME & EXPENSE | |
| Loan Income | 6,939,175 |
| Investment Income | 1,400,712 |
| Other Income | 1,556,610 |
| Total Employee Compensation & Benefits | 3,917,107 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,122,312 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,674 |
| Cost of Funds | 178,291 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,985,956 |
| ↑ Back to Top | |