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ACADEMIC FEDERAL CREDIT UNION

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.


ABA Routing Number: 221982389
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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