Dec, 31, 2023 — LOCAL 804 FEDERAL CREDIT UNION is a federal credit union headquartered in PORT WASHINGTON, NY with 2 branch locations and about $20.07 million in total assets. Opened 46 years ago in 1978, LOCAL 804 FEDERAL CREDIT UNION has about 3,019 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: | LOCAL 804 FEDERAL CREDIT UNION |
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Address: (Main Office) | 44 S Bayles Ave Ste 204 PORT WASHINGTON, NY 11050-3765 |
Phone: | (718) 878-4622 |
Fax: | (718) 878-4623 |
Website: | https://www.cu804.org |
Branches: | 2 branch locations |
Members: | 3,019 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23144 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,073,822 |
CEO/Manager: | Ysemny Abood |
Chairperson: | Myles Dunn |
ASSETS: | $ Amount |
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Cash & Equivalents | 667,966 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,021,674 |
Unsecured Loans | 4,797,284 |
Other Loans | 4,813,753 |
TOTAL LOANS | 13,632,711 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,474 |
Land And Building | 0 |
Other Fixed Assets | 345,184 |
NCUSIF Deposit | 155,902 |
All Other Assets | 0 |
TOTAL ASSETS | 20,073,822 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,434 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,889,881 |
Regular shares | 10,993,407 |
All Other Shares & Deposits | 1,258,198 |
TOTAL SHARES & DEPOSITS | 14,141,486 |
TOTAL LIABILITIES | 14,153,920 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,919,902 |
TOTAL EQUITY | 5,919,902 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,073,822 |
INCOME & EXPENSE | |
Loan Income | 1,011,326 |
Investment Income | 135,586 |
Other Income | 247,485 |
Total Employee Compensation & Benefits | 382,031 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 463,742 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,003 |
Cost of Funds | 54,008 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 462,598 |
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