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National Credit Union Service Organization

AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE CENTRE, NY with 7 branch locations and about $125.09 million in total assets. Opened 58 years ago in 1967, AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION has about 7,812 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:7,812
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$125,094,480
CEO/Manager:Jaime L Herrera
Chairperson:Michael Cullen

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,051,679
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 46,970,165
 Unsecured Loans 7,719,108
 Other Loans 13,588,626
 TOTAL LOANS 68,277,899
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -393,998
 Land And Building 1,893,568
 Other Fixed Assets 125,281
 NCUSIF Deposit 1,082,869
 All Other Assets 0
  TOTAL ASSETS 125,094,480
LIABILITIES & CAPITAL:  
 Dividends Payable 1,688
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,058,303
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,641,853
 Regular shares 49,333,500
 All Other Shares & Deposits 38,987,119
  TOTAL SHARES & DEPOSITS 112,962,472
  TOTAL LIABILITIES 114,022,463
 Regular Reserve 0
 Other Reserves 4,257,040
 Undivided Earnings 6,814,977
  TOTAL EQUITY 11,072,017
  TOTAL LIABILITIES, SHARES, & EQUITY 125,094,480
INCOME & EXPENSE  
 Loan Income 2,155,563
 Investment Income 411,265
 Other Income 395,521
 Total Employee Compensation & Benefits 1,508,865
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,240,607
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 141,872
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 173,126
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