Sep, 30, 2025 — SUNY FREDONIA FEDERAL CREDIT UNION is a federal credit union headquartered in FREDONIA, NY with 1 branch location and about $45.03 million in total assets. Opened 52 years ago in 1974, SUNY FREDONIA FEDERAL CREDIT UNION has about 3,364 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: | SUNY FREDONIA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 280 CENTRAL AVE FREDONIA, NY 14063-1127 |
| Phone: | (716) 673-3585 |
| Fax: | (716) 673-3685 |
| Website: | https://www.sunyfredoniafcu.com |
| Branches: | 1 branch locations |
| Members: | 3,364 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21851 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,029,067 |
| CEO/Manager: | LAURA J PROFFITT |
| Chairperson: | SOTERIS TZITZIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,371,840 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,406 |
| Unsecured Loans | 2,395,141 |
| Other Loans | 14,844,626 |
| TOTAL LOANS | 17,255,174 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,792 |
| Land And Building | 0 |
| Other Fixed Assets | 26,615 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 357,791 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,029,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,060 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,013,275 |
| Regular shares | 24,860,881 |
| All Other Shares & Deposits | 5,964,158 |
| TOTAL SHARES & DEPOSITS | 36,838,314 |
| TOTAL LIABILITIES | 36,919,799 |
| Regular Reserve | 0 |
| Other Reserves | 70,405 |
| Undivided Earnings | 8,038,863 |
| TOTAL EQUITY | 8,109,268 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,029,067 |
| INCOME & EXPENSE | |
| Loan Income | 761,417 |
| Investment Income | 920,877 |
| Other Income | 51,866 |
| Total Employee Compensation & Benefits | 275,512 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 325,454 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,905 |
| Cost of Funds | 249,362 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,010,973 |
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