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NYM FEDERAL CREDIT UNION

Mar, 31, 2022 — NYM FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $22.01 million in total assets. Opened 55 years ago in 1967, NYM FEDERAL CREDIT UNION has about 2,740 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NYM FEDERAL CREDIT UNION
Address:
(Main Office)
501 6th St Ste 2F
BROOKLYN, NY 11215-3648
Phone:(718) 780-3618
Fax:(718) 780-3633
Website:http://www.nymfcu.org
Branches:1 branch locations
Members:2,740
Credit Union Type:Federal Credit Union
Charter Number:18238
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$22,006,762
CEO/Manager:Sabrina Singh
Chairperson:Laura Montemarano

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,391,250
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,306,335
 Other Loans 196,243
 TOTAL LOANS 3,502,578
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,401
 Land And Building 0
 Other Fixed Assets 4,026
 NCUSIF Deposit 175,111
 All Other Assets 0
  TOTAL ASSETS 22,006,762
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 97,528
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,715,283
 Regular shares 16,129,127
 All Other Shares & Deposits 1,141,933
  TOTAL SHARES & DEPOSITS 18,986,343
  TOTAL LIABILITIES 19,083,871
 Regular Reserve 0
 Other Reserves 2,000,000
 Undivided Earnings 922,891
  TOTAL EQUITY 2,922,891
  TOTAL LIABILITIES, SHARES, & EQUITY 22,006,762
INCOME & EXPENSE  
 Loan Income 89,143
 Investment Income 29,522
 Other Income 27,359
 Total Employee Compensation & Benefits 53,987
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 94,601
 Non-operating Income & (Expense) 2,644
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,180
 Cost of Funds 8,176
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,709
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