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SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $9.77 million in total assets. Opened 51 years ago in 1970, SISTER'S HOSPITAL EMPLOYEES FEDERAL CREDIT UNION has about 1,546 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 STREET
BUFFALO, NY 14214
Phone:(716) 862-1472
Fax:(717) 833-5975
Website:http://www.shefcu.org
Branches:1 branch locations
Members:1,546
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,767,279
CEO/Manager:Julia L DeFranks
Chairperson:mary e young

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,332,243
TOTAL INVESTMENTS 4,928,678
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 635,263
 Other Loans 2,818,706
 TOTAL LOANS 3,453,969
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,693
 Land And Building 0
 Other Fixed Assets 2,292
 NCUSIF Deposit 80,022
 All Other Assets 10,768
  TOTAL ASSETS 9,767,279
LIABILITIES & CAPITAL:  
 Dividends Payable 9,259
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,323
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,796,448
 All Other Shares & Deposits 2,040,955
  TOTAL SHARES & DEPOSITS 8,837,403
  TOTAL LIABILITIES 8,856,985
 Regular Reserve 114,595
 Other Reserves 0
 Undivided Earnings 795,699
  TOTAL EQUITY 910,294
  TOTAL LIABILITIES, SHARES, & EQUITY 9,767,279
INCOME & EXPENSE  
 Loan Income 88,104
 Investment Income 37,763
 Other Income 3,946
 Total Employee Compensation & Benefits 68,786
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,612
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,000
 Cost of Funds 7,759
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,462
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