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NYM FEDERAL CREDIT UNION

Mar, 31, 2021 — NYM FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $21.03 million in total assets. Opened 54 years ago in 1967, NYM FEDERAL CREDIT UNION has about 2,818 members and employs 4 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 APT 2F
BROOKLYN, NY 11215-3648
Phone:(718) 780-3618
Fax:(718) 780-3633
Website:http://www.nymfcu.org
Branches:1 branch locations
Members:2,818
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,030,690
CEO/Manager:Sabrina Singh
Chairperson:Laura Montemarano

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,763,833
TOTAL INVESTMENTS 9,204,666
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,602,876
 Other Loans 275,555
 TOTAL LOANS 3,878,431
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,376
 Land And Building 0
 Other Fixed Assets 6,770
 NCUSIF Deposit 148,211
 All Other Assets 68,155
  TOTAL ASSETS 21,030,690
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 102,721
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,645,559
 Regular shares 15,424,621
 All Other Shares & Deposits 1,087,883
  TOTAL SHARES & DEPOSITS 18,158,063
  TOTAL LIABILITIES 18,260,784
 Regular Reserve 2,000,000
 Other Reserves 0
 Undivided Earnings 769,906
  TOTAL EQUITY 2,769,906
  TOTAL LIABILITIES, SHARES, & EQUITY 21,030,690
INCOME & EXPENSE  
 Loan Income 95,026
 Investment Income 35,437
 Other Income 25,423
 Total Employee Compensation & Benefits 82,316
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 79,555
 Non-operating Income & (Expense) 2,442
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -8,694
 Cost of Funds 7,685
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,534
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