Jun, 30, 2024 — NORTH FRANKLIN FEDERAL CREDIT UNION is a federal credit union headquartered in MALONE, NY with 1 branch location and about $82.71 million in total assets. Opened 52 years ago in 1972, NORTH FRANKLIN FEDERAL CREDIT UNION has about 5,219 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH FRANKLIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 494 E Main St MALONE, NY 12953-2100 |
| Phone: | (518) 483-8668 |
| Fax: | (518) 483-8808 |
| Website: | https://www.trunorthernfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,219 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21026 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $82,713,263 |
| CEO/Manager: | Darin G Childs |
| Chairperson: | Curtis L Lyon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,837,036 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,164,026 |
| Unsecured Loans | 5,346,203 |
| Other Loans | 24,727,836 |
| TOTAL LOANS | 40,238,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,192 |
| Land And Building | 3,997,588 |
| Other Fixed Assets | 336,454 |
| NCUSIF Deposit | 688,270 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,713,263 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 761,155 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,715,666 |
| Regular shares | 46,696,139 |
| All Other Shares & Deposits | 9,812,489 |
| TOTAL SHARES & DEPOSITS | 74,224,294 |
| TOTAL LIABILITIES | 77,485,449 |
| Regular Reserve | 0 |
| Other Reserves | -5,365,622 |
| Undivided Earnings | 10,593,436 |
| TOTAL EQUITY | 5,227,814 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,713,263 |
| INCOME & EXPENSE | |
| Loan Income | 1,484,176 |
| Investment Income | 525,724 |
| Other Income | 170,789 |
| Total Employee Compensation & Benefits | 888,026 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,009,760 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,981 |
| Cost of Funds | 95,536 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 539,362 |
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