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National Credit Union Service Organization

N Y TEAM FEDERAL CREDIT UNION

Dec, 31, 2023 — N Y TEAM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKSVILLE, NY with 4 branch locations and about $41.26 million in total assets. Opened 55 years ago in 1969, N Y TEAM FEDERAL CREDIT UNION has about 5,198 members and employs 15 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:https://www.nyteamfcu.org
Branches:4 branch locations
Members:5,198
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$41,257,819
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 2,250,421
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,603,620
 Unsecured Loans 6,371,341
 Other Loans 5,712,022
 TOTAL LOANS 20,710,849
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -190,416
 Land And Building 705,725
 Other Fixed Assets 285,733
 NCUSIF Deposit 409,652
 All Other Assets 0
  TOTAL ASSETS 41,257,819
LIABILITIES & CAPITAL:  
 Dividends Payable 3,296
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 80,859
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,220,889
 Regular shares 26,940,240
 All Other Shares & Deposits 3,944,821
  TOTAL SHARES & DEPOSITS 39,105,950
  TOTAL LIABILITIES 39,190,105
 Regular Reserve 0
 Other Reserves -379,943
 Undivided Earnings 2,447,657
  TOTAL EQUITY 2,067,714
  TOTAL LIABILITIES, SHARES, & EQUITY 41,257,819
INCOME & EXPENSE  
 Loan Income 1,367,812
 Investment Income 636,133
 Other Income 439,355
 Total Employee Compensation & Benefits 1,215,487
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 976,368
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 202,515
 Cost of Funds 55,025
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 158,958
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