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BYKOTA FEDERAL CREDIT UNION

Mar, 31, 2021 — BYKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in Brooklyn, NY with 1 branch location and about $2.30 million in total assets. Opened 51 years ago in 1970, BYKOTA FEDERAL CREDIT UNION has about 987 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BYKOTA FEDERAL CREDIT UNION
Address:
(Main Office)
457 Grand Ave
Brooklyn, NY 11238
Phone:(718) 783-3630
Fax:(718) 789-3138
Website:n/a
Branches:1 branch locations
Members:987
Credit Union Type:Federal Credit Union
Charter Number:20419
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1970
Last Audited:Jun 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$2,301,535
CEO/Manager:Aston Forrest
Chairperson:ANDREW VAUGHN

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 744,551
TOTAL INVESTMENTS 748,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 810,254
 Other Loans 0
 TOTAL LOANS 810,254
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,890
 Land And Building 0
 Other Fixed Assets 20,463
 NCUSIF Deposit 20,040
 All Other Assets 9,117
  TOTAL ASSETS 2,301,535
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,124,711
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,124,711
  TOTAL LIABILITIES 2,124,711
 Regular Reserve 27,218
 Other Reserves 0
 Undivided Earnings 149,606
  TOTAL EQUITY 176,824
  TOTAL LIABILITIES, SHARES, & EQUITY 2,301,535
INCOME & EXPENSE  
 Loan Income 16,202
 Investment Income 5,816
 Other Income 490
 Total Employee Compensation & Benefits 2,821
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,979
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,852
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,144
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