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BYKOTA FEDERAL CREDIT UNION

Jun, 30, 2021 — BYKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in Brooklyn, NY with 1 branch location and about $2.35 million in total assets. Opened 51 years ago in 1970, BYKOTA FEDERAL CREDIT UNION has about 992 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:992
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:$2,352,171
CEO/Manager:Aston Forrest
Chairperson:ANDREW VAUGHN

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 780,032
TOTAL INVESTMENTS 748,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 830,848
 Other Loans 0
 TOTAL LOANS 830,848
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,741
 Land And Building 0
 Other Fixed Assets 14,626
 NCUSIF Deposit 20,430
 All Other Assets 8,976
  TOTAL ASSETS 2,352,171
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 2,174,317
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,174,317
  TOTAL LIABILITIES 2,174,317
 Regular Reserve 27,218
 Other Reserves 0
 Undivided Earnings 150,636
  TOTAL EQUITY 177,854
  TOTAL LIABILITIES, SHARES, & EQUITY 2,352,171
INCOME & EXPENSE  
 Loan Income 28,579
 Investment Income 15,361
 Other Income 502
 Total Employee Compensation & Benefits 5,592
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 39,111
 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) -2,113
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