Jun, 30, 2024 — ALLIANCE NIAGARA FEDERAL CREDIT UNION is a federal credit union headquartered in SANBORN, NY with 1 branch location and about $22.03 million in total assets. Opened 58 years ago in 1967, ALLIANCE NIAGARA FEDERAL CREDIT UNION has about 1,176 members and employs 4 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: | 1,176 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,028,910 |
CEO/Manager: | Nancy Sweeney |
Chairperson: | Judy Johnston |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,288,781 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,087,756 |
Unsecured Loans | 845,458 |
Other Loans | 2,550,783 |
TOTAL LOANS | 7,483,997 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,283 |
Land And Building | 0 |
Other Fixed Assets | 96,662 |
NCUSIF Deposit | 189,198 |
All Other Assets | 0 |
TOTAL ASSETS | 22,028,910 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 31,868 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,352,957 |
Regular shares | 15,095,084 |
All Other Shares & Deposits | 1,017,707 |
TOTAL SHARES & DEPOSITS | 20,465,748 |
TOTAL LIABILITIES | 20,497,616 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,531,294 |
TOTAL EQUITY | 1,531,294 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,028,910 |
INCOME & EXPENSE | |
Loan Income | 222,287 |
Investment Income | 141,009 |
Other Income | 9,797 |
Total Employee Compensation & Benefits | 171,587 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 144,947 |
Non-operating Income & (Expense) | 28,601 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 17,494 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 67,666 |
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