Dec, 31, 2023 — NYM FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $20.32 million in total assets. Opened 57 years ago in 1967, NYM FEDERAL CREDIT UNION has about 2,724 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: | https://www.nymfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,724 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,321,778 |
| CEO/Manager: | Sabrina Singh |
| Chairperson: | Laura Montemarano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -150,043 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,513,879 |
| Other Loans | 573,410 |
| TOTAL LOANS | 4,087,288 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,941 |
| Land And Building | 0 |
| Other Fixed Assets | 1,719 |
| NCUSIF Deposit | 184,656 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,321,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,099 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,341,042 |
| Regular shares | 14,679,202 |
| All Other Shares & Deposits | 1,159,595 |
| TOTAL SHARES & DEPOSITS | 17,179,839 |
| TOTAL LIABILITIES | 17,260,938 |
| Regular Reserve | 0 |
| Other Reserves | 2,000,000 |
| Undivided Earnings | 1,060,840 |
| TOTAL EQUITY | 3,060,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,321,778 |
| INCOME & EXPENSE | |
| Loan Income | 362,711 |
| Investment Income | 412,003 |
| Other Income | 108,343 |
| Total Employee Compensation & Benefits | 263,339 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 388,246 |
| Non-operating Income & (Expense) | 9,122 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,226 |
| Cost of Funds | 36,264 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 159,387 |
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