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MEDISYS EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — MEDISYS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JAMAICA, NY with 2 branch locations and about $32.37 million in total assets. Opened 49 years ago in 1972, MEDISYS EMPLOYEES FEDERAL CREDIT UNION has about 3,542 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:http://www.medisysefcu.org
Branches:2 branch locations
Members:3,542
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$32,367,696
CEO/Manager:KARILYN NEUMANN
Chairperson:MOUNIR F DOSS

Call Report

  • Commercial Loans
  • Participation Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,833,018
TOTAL INVESTMENTS 23,093,626
Loans Held for Sale 0
 
 Real Estate Loans 965,474
 Unsecured Loans 2,573,426
 Other Loans 1,829,574
 TOTAL LOANS 5,368,474
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -450,750
 Land And Building 0
 Other Fixed Assets 4,245
 NCUSIF Deposit 241,585
 All Other Assets 277,498
  TOTAL ASSETS 32,367,696
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 62,353
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,713,945
 Regular shares 25,818,794
 All Other Shares & Deposits 2,442,968
  TOTAL SHARES & DEPOSITS 29,975,707
  TOTAL LIABILITIES 30,038,060
 Regular Reserve 249,826
 Other Reserves 0
 Undivided Earnings 2,079,810
  TOTAL EQUITY 2,329,636
  TOTAL LIABILITIES, SHARES, & EQUITY 32,367,696
INCOME & EXPENSE  
 Loan Income 105,922
 Investment Income 71,460
 Other Income 9,167
 Total Employee Compensation & Benefits 120,716
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 71,326
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,116
 Cost of Funds 12,119
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,712
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