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 |
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 |
↑ Back to Top |