Sep, 30, 2025 — MOHAWK VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in MARCY, NY with 2 branch locations and about $57.43 million in total assets. Opened 55 years ago in 1971, MOHAWK VALLEY FEDERAL CREDIT UNION has about 3,225 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOHAWK VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9212 River Rd MARCY, NY 13403 |
| Phone: | (315) 624-2950 |
| Fax: | (315) 624-2954 |
| Website: | https://www.mohawkvalleyfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,225 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20823 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,431,855 |
| CEO/Manager: | JAIME S McCLOSKEY |
| Chairperson: | Brian Scala |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,413,744 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,698,494 |
| Unsecured Loans | 3,936,462 |
| Other Loans | 18,888,367 |
| TOTAL LOANS | 26,523,323 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,953 |
| Land And Building | 0 |
| Other Fixed Assets | 160,110 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 473,991 |
| All Other Assets | 1,000 |
| TOTAL ASSETS | 57,431,855 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 89,064 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,001,112 |
| Regular shares | 22,609,813 |
| All Other Shares & Deposits | 18,364,010 |
| TOTAL SHARES & DEPOSITS | 49,974,935 |
| TOTAL LIABILITIES | 50,063,999 |
| Regular Reserve | 0 |
| Other Reserves | 356,105 |
| Undivided Earnings | 7,011,751 |
| TOTAL EQUITY | 7,367,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,431,855 |
| INCOME & EXPENSE | |
| Loan Income | 1,230,787 |
| Investment Income | 613,658 |
| Other Income | 92,014 |
| Total Employee Compensation & Benefits | 440,271 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 664,786 |
| Non-operating Income & (Expense) | -22,271 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,769 |
| Cost of Funds | 397,238 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 536,058 |
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