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BYKOTA FEDERAL CREDIT UNION

Jun, 30, 2023 — BYKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $2.26 million in total assets. Opened 54 years ago in 1970, BYKOTA FEDERAL CREDIT UNION has about 977 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:977
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,260,784
CEO/Manager:Aston Forrest
Chairperson:ANDREW VAUGHN

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 457,942
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 687,031
 TOTAL LOANS 687,031
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,161
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 21,656
 All Other Assets 0
  TOTAL ASSETS 2,260,784
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -5,000
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,116,496
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,116,496
  TOTAL LIABILITIES 2,111,496
 Regular Reserve 0
 Other Reserves 27,218
 Undivided Earnings 122,070
  TOTAL EQUITY 149,288
  TOTAL LIABILITIES, SHARES, & EQUITY 2,260,784
INCOME & EXPENSE  
 Loan Income 46,957
 Investment Income 17,381
 Other Income 568
 Total Employee Compensation & Benefits 7,518
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,244
 Non-operating Income & (Expense) 3,925
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,435
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