Jun, 30, 2024 — ACADEMIC FEDERAL CREDIT UNION is a federal credit union headquartered in BRIARCLIFF MANOR, NY with 1 branch location and about $39.25 million in total assets. Opened 46 years ago in 1979, ACADEMIC FEDERAL CREDIT UNION has about 2,813 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: | 2,813 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23425 |
---|---|
Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,246,656 |
CEO/Manager: | Jonathan S Kaufman |
Chairperson: | Raymond H Lopez |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,853,729 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,024,925 |
Unsecured Loans | 3,137,522 |
Other Loans | 2,141,240 |
TOTAL LOANS | 15,354,937 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -301,500 |
Land And Building | 1,050,317 |
Other Fixed Assets | 39,407 |
NCUSIF Deposit | 363,884 |
All Other Assets | 0 |
TOTAL ASSETS | 39,246,656 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 500,831 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,622,711 |
Regular shares | 18,097,673 |
All Other Shares & Deposits | 13,758,884 |
TOTAL SHARES & DEPOSITS | 36,479,268 |
TOTAL LIABILITIES | 36,980,099 |
Regular Reserve | 0 |
Other Reserves | -432,462 |
Undivided Earnings | 2,699,019 |
TOTAL EQUITY | 2,266,557 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,246,656 |
INCOME & EXPENSE | |
Loan Income | 557,185 |
Investment Income | 110,962 |
Other Income | 34,659 |
Total Employee Compensation & Benefits | 362,907 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 435,546 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 72,107 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 81,248 |
↑ Back to Top |