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National Credit Union Service Organization

SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WHITE PLAINS, NY with 0 branch location and about $1.59 million in total assets. Opened 48 years ago in 1973, SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION has about 325 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCF WESTCHESTER N. Y. EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1000 WESTCHESTER AVE
WHITE PLAINS, NY 10610
Phone:(914) 694-3421
Fax:(914) 697-4149
Website:n/a
Branches:0 branch locations
Members:325
Credit Union Type:Federal Credit Union
Charter Number:21231
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1973
Last Audited:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$1,587,300
CEO/Manager:Patricia A Clarke
Chairperson:Kim Sanchez-Tookes

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,136,392
TOTAL INVESTMENTS 5,230
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 454,226
 TOTAL LOANS 454,226
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,063
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 12,515
 All Other Assets 0
  TOTAL ASSETS 1,587,300
LIABILITIES & CAPITAL:  
 Dividends Payable 1,394
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,479
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,160,678
 All Other Shares & Deposits 45,280
  TOTAL SHARES & DEPOSITS 1,205,958
  TOTAL LIABILITIES 1,211,831
 Regular Reserve 40,892
 Other Reserves 4,209
 Undivided Earnings 330,368
  TOTAL EQUITY 375,469
  TOTAL LIABILITIES, SHARES, & EQUITY 1,587,300
INCOME & EXPENSE  
 Loan Income 11,110
 Investment Income 199
 Other Income 77
 Total Employee Compensation & Benefits 2,250
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,794
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 22
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,680
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