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National Credit Union Service Organization

MSBA EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
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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