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National Credit Union Service Organization

AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2021 — AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE CENTRE, NY with 7 branch locations and about $132.16 million in total assets. Opened 55 years ago in 1967, AMERICAN BROADCAST EMPLOYEES FEDERAL CREDIT UNION has about 7,938 members and employs 26 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:http://www.abefcu.org
Branches:7 branch locations
Members:7,938
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$132,164,961
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 46,263,603
TOTAL INVESTMENTS 15,519,597
Loans Held for Sale 0
 
 Real Estate Loans 41,443,132
 Unsecured Loans 7,952,937
 Other Loans 13,547,515
 TOTAL LOANS 62,943,584
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -363,277
 Land And Building 1,924,993
 Other Fixed Assets 156,294
 NCUSIF Deposit 1,035,974
 All Other Assets 4,684,193
  TOTAL ASSETS 132,164,961
LIABILITIES & CAPITAL:  
 Dividends Payable 1,655
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 303,384
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,166,317
 Regular shares 52,153,615
 All Other Shares & Deposits 38,641,099
  TOTAL SHARES & DEPOSITS 120,961,031
  TOTAL LIABILITIES 121,266,070
 Regular Reserve 4,573,029
 Other Reserves -315,989
 Undivided Earnings 6,641,851
  TOTAL EQUITY 10,898,891
  TOTAL LIABILITIES, SHARES, & EQUITY 132,164,961
INCOME & EXPENSE  
 Loan Income 2,994,814
 Investment Income 265,517
 Other Income 523,361
 Total Employee Compensation & Benefits 2,139,391
 NCUSIF Premiums Expense 11,501
 Total Other Operating Expenses 1,608,690
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,000
 Cost of Funds 165,122
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 33,084
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