Dec, 31, 2023 — MEDISYS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JAMAICA, NY with 2 branch locations and about $32.40 million in total assets. Opened 52 years ago in 1972, MEDISYS EMPLOYEES FEDERAL CREDIT UNION has about 3,300 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEDISYS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8900 VAN WYCK EXPY JAMAICA, NY 11418 |
| Phone: | (718) 206-8216 |
| Fax: | (718) 206-8227 |
| Website: | https://www.medisysefcu.org |
| Branches: | 2 branch locations |
| Members: | 3,300 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20885 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,401,515 |
| CEO/Manager: | Philippe Hislaire |
| Chairperson: | MOUNIR F DOSS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,736,093 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,467,215 |
| Unsecured Loans | 3,230,901 |
| Other Loans | 4,292,652 |
| TOTAL LOANS | 8,990,768 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,465 |
| Land And Building | 0 |
| Other Fixed Assets | 3,248 |
| NCUSIF Deposit | 303,172 |
| All Other Assets | 128,184 |
| TOTAL ASSETS | 32,401,515 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,031 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,108,011 |
| Regular shares | 24,687,528 |
| All Other Shares & Deposits | 2,923,484 |
| TOTAL SHARES & DEPOSITS | 29,719,023 |
| TOTAL LIABILITIES | 29,806,054 |
| Regular Reserve | 0 |
| Other Reserves | 249,826 |
| Undivided Earnings | 2,345,635 |
| TOTAL EQUITY | 2,595,461 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,401,515 |
| INCOME & EXPENSE | |
| Loan Income | 595,357 |
| Investment Income | 436,879 |
| Other Income | 83,400 |
| Total Employee Compensation & Benefits | 584,908 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 328,710 |
| Non-operating Income & (Expense) | -4,317 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,542 |
| Cost of Funds | 67,549 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,089 |
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