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 |
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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 |
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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 |
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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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