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National Credit Union Service Organization

N Y TEAM FEDERAL CREDIT UNION

Mar, 31, 2022 — N Y TEAM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKSVILLE, NY with 4 branch locations and about $45.98 million in total assets. Opened 53 years ago in 1969, N Y TEAM FEDERAL CREDIT UNION has about 5,322 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:N Y TEAM FEDERAL CREDIT UNION
Address:
(Main Office)
65 Broadway
HICKSVILLE, NY 11801
Phone:(516) 822-1070
Fax:(516) 822-2478
Website:http://www.nyteamfcu.org
Branches:4 branch locations
Members:5,322
Credit Union Type:Federal Credit Union
Charter Number:19216
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1969
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$45,980,459
CEO/Manager:Robert X Young Jr.
Chairperson:David Williams

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,924,805
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,855,568
 Unsecured Loans 7,656,087
 Other Loans 4,072,445
 TOTAL LOANS 19,650,004
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -155,233
 Land And Building 577,467
 Other Fixed Assets 334,846
 NCUSIF Deposit 428,723
 All Other Assets 10,200
  TOTAL ASSETS 45,980,459
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 89,407
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,447,564
 Regular shares 33,190,084
 All Other Shares & Deposits 2,435,166
  TOTAL SHARES & DEPOSITS 44,072,814
  TOTAL LIABILITIES 44,162,221
 Regular Reserve 0
 Other Reserves 1,119,791
 Undivided Earnings 698,447
  TOTAL EQUITY 1,818,238
  TOTAL LIABILITIES, SHARES, & EQUITY 45,980,459
INCOME & EXPENSE  
 Loan Income 309,693
 Investment Income 35,888
 Other Income 107,518
 Total Employee Compensation & Benefits 295,127
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 239,575
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,200
 Cost of Funds 4,297
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -43,516
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