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N Y TEAM FEDERAL CREDIT UNION

Jun, 30, 2021 — N Y TEAM FEDERAL CREDIT UNION is a federal credit union headquartered in HICKSVILLE, NY with 4 branch locations and about $46.02 million in total assets. Opened 52 years ago in 1969, N Y TEAM FEDERAL CREDIT UNION has about 5,523 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:http://www.nyteamfcu.org
Branches:4 branch locations
Members:5,523
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:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$46,020,751
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 8,454,072
TOTAL INVESTMENTS 13,596,830
Loans Held for Sale 0
 
 Real Estate Loans 7,776,347
 Unsecured Loans 8,496,714
 Other Loans 3,940,567
 TOTAL LOANS 20,213,628
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,646
 Land And Building 525,185
 Other Fixed Assets 403,969
 NCUSIF Deposit 428,723
 All Other Assets 2,489,990
  TOTAL ASSETS 46,020,751
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 96,007
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,067,196
 Regular shares 33,271,386
 All Other Shares & Deposits 2,821,386
  TOTAL SHARES & DEPOSITS 44,159,968
  TOTAL LIABILITIES 44,255,975
 Regular Reserve 1,586,952
 Other Reserves -581,025
 Undivided Earnings 758,849
  TOTAL EQUITY 1,764,776
  TOTAL LIABILITIES, SHARES, & EQUITY 46,020,751
INCOME & EXPENSE  
 Loan Income 662,389
 Investment Income 78,627
 Other Income 229,530
 Total Employee Compensation & Benefits 530,112
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 449,512
 Non-operating Income & (Expense) -3,750
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,106
 Cost of Funds 8,954
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,816
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