Sep, 30, 2025 — NORTHEASTERN OPERATING ENGINEERS FEDERAL CREDIT UNION is a federal credit union headquartered in WHITESTONE, NY with 2 branch locations and about $85.13 million in total assets. Opened 52 years ago in 1974, NORTHEASTERN OPERATING ENGINEERS FEDERAL CREDIT UNION has about 2,289 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHEASTERN OPERATING ENGINEERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1616 Whitestone Expy WHITESTONE, NY 11357 |
| Phone: | (718) 847-8484 |
| Fax: | (718) 847-2525 |
| Website: | https://www.noefcuny.org |
| Branches: | 2 branch locations |
| Members: | 2,289 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21630 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $85,129,481 |
| CEO/Manager: | TIMOTHY J FAUGHNAN |
| Chairperson: | BRIAN J MULLINS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,046,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,987,778 |
| Unsecured Loans | 2,371,353 |
| Other Loans | 457,367 |
| TOTAL LOANS | 63,816,498 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -295,087 |
| Land And Building | 0 |
| Other Fixed Assets | 2,399,567 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 159,481 |
| All Other Assets | 276,696 |
| TOTAL ASSETS | 85,129,481 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,572,860 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,948,502 |
| Regular shares | 16,404,297 |
| All Other Shares & Deposits | 17,925,484 |
| TOTAL SHARES & DEPOSITS | 72,278,283 |
| TOTAL LIABILITIES | 76,851,143 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,278,338 |
| TOTAL EQUITY | 8,278,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,129,481 |
| INCOME & EXPENSE | |
| Loan Income | 2,288,092 |
| Investment Income | 710,976 |
| Other Income | 277,299 |
| Total Employee Compensation & Benefits | 1,113,954 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,306,769 |
| Non-operating Income & (Expense) | 7 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,000 |
| Cost of Funds | 434,682 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 404,787 |
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