Dec, 31, 2023 — ALLIANCE NIAGARA FEDERAL CREDIT UNION is a federal credit union headquartered in SANBORN, NY with 1 branch location and about $20.75 million in total assets. Opened 57 years ago in 1967, ALLIANCE NIAGARA FEDERAL CREDIT UNION has about 1,175 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: | ALLIANCE NIAGARA FEDERAL CREDIT UNION |
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Address: (Main Office) | 3111 Saunders Settlement Rd SANBORN, NY 14132 |
Phone: | (716) 614-6445 |
Fax: | |
Website: | https://www.allianceniagara.com |
Branches: | 1 branch locations |
Members: | 1,175 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18409 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,750,176 |
CEO/Manager: | Nancy Sweeney |
Chairperson: | Judy Johnston |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,332,674 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,748,084 |
Unsecured Loans | 766,005 |
Other Loans | 3,092,972 |
TOTAL LOANS | 7,715,433 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,394 |
Land And Building | 0 |
Other Fixed Assets | 78,478 |
NCUSIF Deposit | 195,264 |
All Other Assets | 0 |
TOTAL ASSETS | 20,750,176 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,034 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,375,600 |
Regular shares | 13,032,173 |
All Other Shares & Deposits | 1,701,291 |
TOTAL SHARES & DEPOSITS | 19,109,063 |
TOTAL LIABILITIES | 19,127,097 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,623,079 |
TOTAL EQUITY | 1,623,079 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,750,176 |
INCOME & EXPENSE | |
Loan Income | 374,675 |
Investment Income | 234,811 |
Other Income | 17,278 |
Total Employee Compensation & Benefits | 250,176 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 198,424 |
Non-operating Income & (Expense) | 7,062 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 87,587 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 85,314 |
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