Jun, 30, 2024 — N Y TEAM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKSVILLE, NY with 4 branch locations and about $44.71 million in total assets. Opened 56 years ago in 1969, N Y TEAM FEDERAL CREDIT UNION has about 5,251 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: | https://www.nyteamfcu.org |
| Branches: | 4 branch locations |
| Members: | 5,251 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,713,668 |
| CEO/Manager: | Robert X Young Jr. |
| Chairperson: | David Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,657,796 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,620,242 |
| Unsecured Loans | 7,400,721 |
| Other Loans | 4,985,776 |
| TOTAL LOANS | 21,052,330 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,689 |
| Land And Building | 683,198 |
| Other Fixed Assets | 334,356 |
| NCUSIF Deposit | 428,723 |
| All Other Assets | 10,200 |
| TOTAL ASSETS | 44,713,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,532 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,177,645 |
| Regular shares | 32,170,040 |
| All Other Shares & Deposits | 2,498,865 |
| TOTAL SHARES & DEPOSITS | 42,846,550 |
| TOTAL LIABILITIES | 42,927,082 |
| Regular Reserve | 0 |
| Other Reserves | -484,458 |
| Undivided Earnings | 2,271,044 |
| TOTAL EQUITY | 1,786,586 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,713,668 |
| INCOME & EXPENSE | |
| Loan Income | 947,566 |
| Investment Income | 187,478 |
| Other Income | 343,464 |
| Total Employee Compensation & Benefits | 889,863 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 712,383 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,582 |
| Cost of Funds | 12,840 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -103,973 |
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