Jun, 30, 2024 — 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 55 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 |
| 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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