Sep, 30, 2025 — AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE CENTRE, NY with 7 branch locations and about $113.63 million in total assets. Opened 59 years ago in 1967, AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION has about 6,804 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Front St ROCKVILLE CENTRE, NY 11570 |
| Phone: | (516) 763-7505 |
| Fax: | (516) 763-7555 |
| Website: | https://www.abefcu.org |
| Branches: | 7 branch locations |
| Members: | 6,804 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18273 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $113,633,078 |
| CEO/Manager: | Jaime L Herrera |
| Chairperson: | Michael Cullen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,873,699 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,232,383 |
| Unsecured Loans | 7,373,337 |
| Other Loans | 8,325,221 |
| TOTAL LOANS | 72,930,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -600,517 |
| Land And Building | 1,767,870 |
| Other Fixed Assets | 356,266 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 886,217 |
| All Other Assets | 74,778 |
| TOTAL ASSETS | 113,633,078 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,945 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,542,877 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,175,162 |
| Regular shares | 35,080,161 |
| All Other Shares & Deposits | 37,445,291 |
| TOTAL SHARES & DEPOSITS | 96,700,612 |
| TOTAL LIABILITIES | 98,282,094 |
| Regular Reserve | 0 |
| Other Reserves | -485,844 |
| Undivided Earnings | 15,836,828 |
| TOTAL EQUITY | 15,350,984 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 113,633,078 |
| INCOME & EXPENSE | |
| Loan Income | 3,242,231 |
| Investment Income | 1,136,740 |
| Other Income | 455,390 |
| Total Employee Compensation & Benefits | 1,881,183 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,412,484 |
| Non-operating Income & (Expense) | 685,737 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,000 |
| Cost of Funds | 563,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,595,725 |
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