Jun, 30, 2024 — LOCAL 804 FEDERAL CREDIT UNION is a federal credit union headquartered in LONG ISLAND CITY, NY with 2 branch locations and about $21.31 million in total assets. Opened 46 years ago in 1978, LOCAL 804 FEDERAL CREDIT UNION has about 2,952 members and employs 4 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 |
|---|---|
| Address: (Main Office) | 3421 Review Ave LONG ISLAND CITY, NY 11101-3241 |
| Phone: | (718) 878-4622 |
| Fax: | (718) 878-4623 |
| Website: | https://www.cu804.org |
| Branches: | 2 branch locations |
| Members: | 2,952 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23144 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,307,011 |
| CEO/Manager: | Ysemny Abood |
| Chairperson: | Myles Dunn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 765,297 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,682,191 |
| Unsecured Loans | 4,199,937 |
| Other Loans | 5,278,364 |
| TOTAL LOANS | 14,209,796 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,058 |
| Land And Building | 0 |
| Other Fixed Assets | 41,256 |
| NCUSIF Deposit | 149,534 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,307,011 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,769 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,034,106 |
| Regular shares | 13,192,846 |
| All Other Shares & Deposits | 635,674 |
| TOTAL SHARES & DEPOSITS | 15,862,626 |
| TOTAL LIABILITIES | 15,876,395 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,430,616 |
| TOTAL EQUITY | 5,430,616 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,307,011 |
| INCOME & EXPENSE | |
| Loan Income | 621,234 |
| Investment Income | 65,464 |
| Other Income | 159,889 |
| Total Employee Compensation & Benefits | 242,990 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 357,572 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,706 |
| Cost of Funds | 9,914 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,424 |
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