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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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