Dec, 31, 2021 — MSBA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GARDEN CITY, NY with 1 branch location and about $4.84 million in total assets. Opened 43 years ago in 1979, MSBA EMPLOYEES FEDERAL CREDIT UNION has about 892 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MSBA EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 Commercial Ave GARDEN CITY, NY 11530-6410 |
| Phone: | (516) 766-0009 |
| Fax: | (516) 766-2491 |
| Website: | www.msbaefcu.org |
| Branches: | 1 branch locations |
| Members: | 892 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23444 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,836,421 |
| CEO/Manager: | Julia McLaughlin |
| Chairperson: | Morris R Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 594,182 |
| TOTAL INVESTMENTS | 2,735,158 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 966,441 |
| Other Loans | 445,869 |
| TOTAL LOANS | 1,412,310 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,169 |
| Land And Building | 0 |
| Other Fixed Assets | 5,556 |
| NCUSIF Deposit | 48,090 |
| All Other Assets | 72,294 |
| TOTAL ASSETS | 4,836,421 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 884 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 49,598 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 800,580 |
| Regular shares | 3,199,450 |
| All Other Shares & Deposits | 693,966 |
| TOTAL SHARES & DEPOSITS | 4,693,996 |
| TOTAL LIABILITIES | 4,744,478 |
| Regular Reserve | 91,943 |
| Other Reserves | 0 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 91,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,836,421 |
| INCOME & EXPENSE | |
| Loan Income | 137,443 |
| Investment Income | 49,091 |
| Other Income | 87,899 |
| Total Employee Compensation & Benefits | 120,285 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 258,987 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,500 |
| Cost of Funds | 4,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -35,869 |
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