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EMPIRE FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2021 — EMPIRE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in New York, NY with 1 branch location and about $6.72 million in total assets. Opened 45 years ago in 1976, EMPIRE FINANCIAL FEDERAL CREDIT UNION has about 237 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:EMPIRE FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
22 Cortlandt St
New York, NY 10007-3107
Phone:(212) 238-9810
Fax:
Website:http://www.empirefinancialfcu.com
Branches:1 branch locations
Members:237
Credit Union Type:Federal Credit Union
Charter Number:22344
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1976
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,722,629
CEO/Manager:Ryan Sullivan
Chairperson:Gary Luvera

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 56,368
TOTAL INVESTMENTS 635
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 5,888,618
 Other Loans 533,616
 TOTAL LOANS 6,422,234
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,980
 Land And Building 0
 Other Fixed Assets 209,463
 NCUSIF Deposit 12,050
 All Other Assets 49,859
  TOTAL ASSETS 6,722,629
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,486,595
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,758
 Regular shares 345,199
 All Other Shares & Deposits 735,556
  TOTAL SHARES & DEPOSITS 1,103,513
  TOTAL LIABILITIES 6,590,108
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 132,521
  TOTAL EQUITY 132,521
  TOTAL LIABILITIES, SHARES, & EQUITY 6,722,629
INCOME & EXPENSE  
 Loan Income 20,540
 Investment Income 155
 Other Income 129,958
 Total Employee Compensation & Benefits 26,621
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 98,740
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 18,590
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,702
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