Dec, 31, 2023 — CROUSE FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 1 branch location and about $19.46 million in total assets. Opened 46 years ago in 1978, CROUSE FEDERAL CREDIT UNION has about 2,098 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CROUSE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 730 S Crouse Ave SYRACUSE, NY 13210-1754 |
| Phone: | (315) 470-7928 |
| Fax: | (315) 470-5633 |
| Website: | https://www.crousefcu.com |
| Branches: | 1 branch locations |
| Members: | 2,098 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22972 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,464,789 |
| CEO/Manager: | DONNA M LADLEY |
| Chairperson: | ROSEMARY MIRRA-BRODT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,759,426 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,276,310 |
| Other Loans | 5,669,311 |
| TOTAL LOANS | 6,945,621 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,850 |
| Land And Building | 0 |
| Other Fixed Assets | 67,405 |
| NCUSIF Deposit | 175,707 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,464,789 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,902 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 286 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,801,397 |
| Regular shares | 14,857,962 |
| All Other Shares & Deposits | 921,887 |
| TOTAL SHARES & DEPOSITS | 17,581,246 |
| TOTAL LIABILITIES | 17,584,434 |
| Regular Reserve | 0 |
| Other Reserves | 310,925 |
| Undivided Earnings | 1,569,430 |
| TOTAL EQUITY | 1,880,355 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,464,789 |
| INCOME & EXPENSE | |
| Loan Income | 345,486 |
| Investment Income | 244,038 |
| Other Income | 94,861 |
| Total Employee Compensation & Benefits | 316,197 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 255,455 |
| Non-operating Income & (Expense) | 28,323 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,600 |
| Cost of Funds | 117,291 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,165 |
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