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SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $9.50 million in total assets. Opened 52 years ago in 1970, SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION has about 1,473 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2157 main st
BUFFALO, NY 14214
Phone:(716) 862-1472
Fax:(717) 833-5975
Website:http://www.shefcu.org
Branches:1 branch locations
Members:1,473
Credit Union Type:Federal Credit Union
Charter Number:20279
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1970
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$9,495,951
CEO/Manager:Julia L DeFranks
Chairperson:mary e young

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 678,740
TOTAL INVESTMENTS 0
Loans Held for Sale 187,000
 
 Real Estate Loans 0
 Unsecured Loans 564,699
 Other Loans 2,355,562
 TOTAL LOANS 2,920,261
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,297
 Land And Building 0
 Other Fixed Assets 1,737
 NCUSIF Deposit 80,022
 All Other Assets 0
  TOTAL ASSETS 9,495,951
LIABILITIES & CAPITAL:  
 Dividends Payable 2,797
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,101
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,795,905
 All Other Shares & Deposits 1,745,987
  TOTAL SHARES & DEPOSITS 8,541,892
  TOTAL LIABILITIES 8,555,790
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 940,161
  TOTAL EQUITY 940,161
  TOTAL LIABILITIES, SHARES, & EQUITY 9,495,951
INCOME & EXPENSE  
 Loan Income 37,909
 Investment Income 11,981
 Other Income 2,960
 Total Employee Compensation & Benefits 46,483
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,351
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 4,611
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,284
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