Dec, 31, 2023 — MOHAWK VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in MARCY, NY with 2 branch locations and about $46.58 million in total assets. Opened 53 years ago in 1971, MOHAWK VALLEY FEDERAL CREDIT UNION has about 3,254 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOHAWK VALLEY FEDERAL CREDIT UNION |
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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: | 3,254 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20823 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,576,888 |
CEO/Manager: | JAIME S McCLOSKEY |
Chairperson: | Brian Scala |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,284,735 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,792,846 |
Unsecured Loans | 3,686,261 |
Other Loans | 19,205,111 |
TOTAL LOANS | 26,684,218 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,977 |
Land And Building | 0 |
Other Fixed Assets | 133,961 |
NCUSIF Deposit | 412,375 |
All Other Assets | 0 |
TOTAL ASSETS | 46,576,888 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 123,053 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,773,130 |
Regular shares | 21,180,014 |
All Other Shares & Deposits | 11,146,320 |
TOTAL SHARES & DEPOSITS | 40,099,464 |
TOTAL LIABILITIES | 40,222,517 |
Regular Reserve | 0 |
Other Reserves | 356,106 |
Undivided Earnings | 5,998,265 |
TOTAL EQUITY | 6,354,371 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,576,888 |
INCOME & EXPENSE | |
Loan Income | 1,218,856 |
Investment Income | 334,553 |
Other Income | 69,633 |
Total Employee Compensation & Benefits | 553,364 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 776,639 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,646 |
Cost of Funds | 151,871 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 352,684 |
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