Sep, 30, 2025 — ACADEMIC FEDERAL CREDIT UNION is a federal credit union headquartered in BRIARCLIFF MANOR, NY with 1 branch location and about $34.37 million in total assets. Opened 47 years ago in 1979, ACADEMIC FEDERAL CREDIT UNION has about 2,544 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: | ACADEMIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 425 N State Rd BRIARCLIFF MANOR, NY 10510-1469 |
| Phone: | (914) 923-3608 |
| Fax: | (914) 923-3635 |
| Website: | https://www.academicfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,544 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23425 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,371,519 |
| CEO/Manager: | Jonathan S Kaufman |
| Chairperson: | Raymond H Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,029,863 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,606,505 |
| Unsecured Loans | 2,347,977 |
| Other Loans | 2,079,480 |
| TOTAL LOANS | 11,734,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,405 |
| Land And Building | 915,443 |
| Other Fixed Assets | 32,604 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 294,973 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,371,519 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 342,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,044,243 |
| Regular shares | 12,878,594 |
| All Other Shares & Deposits | 12,501,581 |
| TOTAL SHARES & DEPOSITS | 30,424,418 |
| TOTAL LIABILITIES | 30,766,792 |
| Regular Reserve | 0 |
| Other Reserves | 876,745 |
| Undivided Earnings | 2,727,982 |
| TOTAL EQUITY | 3,604,727 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,371,519 |
| INCOME & EXPENSE | |
| Loan Income | 491,841 |
| Investment Income | 381,624 |
| Other Income | 29,776 |
| Total Employee Compensation & Benefits | 338,662 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 392,291 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -178,272 |
| Cost of Funds | 242,000 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 187,590 |
| ↑ Back to Top | |