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S.M.S.D. FEDERAL CREDIT UNION

Mar, 31, 2021 — S.M.S.D. FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $2.42 million in total assets. Opened 46 years ago in 1975, S.M.S.D. FEDERAL CREDIT UNION has about 355 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:S.M.S.D. FEDERAL CREDIT UNION
Address:
(Main Office)
2253 MAIN ST
BUFFALO, NY 14214-2349
Phone:(716) 834-7200
Fax:(716) 834-2720
Website:n/a
Branches:1 branch locations
Members:355
Credit Union Type:Federal Credit Union
Charter Number:22247
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1975
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,419,277
CEO/Manager:Michael J Soehner
Chairperson:Joan P Dudek

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,375,840
TOTAL INVESTMENTS 400,675
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 233,142
 Other Loans 396,046
 TOTAL LOANS 629,188
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,419
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 17,675
 All Other Assets 2,318
  TOTAL ASSETS 2,419,277
LIABILITIES & CAPITAL:  
 Dividends Payable 164
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,518
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,963,213
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,963,213
  TOTAL LIABILITIES 1,965,895
 Regular Reserve 40,000
 Other Reserves 0
 Undivided Earnings 413,382
  TOTAL EQUITY 453,382
  TOTAL LIABILITIES, SHARES, & EQUITY 2,419,277
INCOME & EXPENSE  
 Loan Income 5,698
 Investment Income 737
 Other Income 18
 Total Employee Compensation & Benefits 3,371
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,754
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -958
 Cost of Funds 473
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,889
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