Dec, 31, 2023 — FAMILY FIRST OF NY FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 5 branch locations and about $318.98 million in total assets. Opened 55 years ago in 1969, FAMILY FIRST OF NY FEDERAL CREDIT UNION has about 15,796 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY FIRST OF NY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2520 Browncroft Blvd ROCHESTER, NY 14625 |
| Phone: | (585) 586-8225 |
| Fax: | (585) 586-4949 |
| Website: | https://www.familyfirstny.com |
| Branches: | 5 branch locations |
| Members: | 15,796 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19304 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $318,975,359 |
| CEO/Manager: | Thomas G Dambra |
| Chairperson: | Barbara Moehle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,564,955 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 202,240,133 |
| Unsecured Loans | 30,332,392 |
| Other Loans | 27,144,548 |
| TOTAL LOANS | 260,512,279 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,284,300 |
| Land And Building | 4,573,700 |
| Other Fixed Assets | 192,203 |
| NCUSIF Deposit | 2,413,748 |
| All Other Assets | 0 |
| TOTAL ASSETS | 318,975,359 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,396,870 |
| Notes & Interest Payable | 42,050,000 |
| Accounts Payable & Other Liabilities | 3,347,734 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,618,500 |
| Regular shares | 53,859,138 |
| All Other Shares & Deposits | 139,852,758 |
| TOTAL SHARES & DEPOSITS | 241,330,395 |
| TOTAL LIABILITIES | 288,124,999 |
| Regular Reserve | 0 |
| Other Reserves | -3,414,922 |
| Undivided Earnings | 34,265,282 |
| TOTAL EQUITY | 30,850,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 318,975,359 |
| INCOME & EXPENSE | |
| Loan Income | 14,022,811 |
| Investment Income | 1,154,039 |
| Other Income | 878,439 |
| Total Employee Compensation & Benefits | 5,570,199 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,080,125 |
| Non-operating Income & (Expense) | 9,414 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 476,698 |
| Cost of Funds | 4,397,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,215,786 |
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