Mar, 31, 2021 — MSBA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Garden City, NY with 1 branch location and about $5.02 million in total assets. Opened 42 years ago in 1979, MSBA EMPLOYEES FEDERAL CREDIT UNION has about 869 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: | http://www.msbaefcu.org |
| Branches: | 1 branch locations |
| Members: | 869 |
| 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: | $5,018,374 |
| CEO/Manager: | Julia McLaughlin |
| Chairperson: | Morris R Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 773,309 |
| TOTAL INVESTMENTS | 2,635,874 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 964,544 |
| Other Loans | 536,305 |
| TOTAL LOANS | 1,500,849 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,385 |
| Land And Building | 0 |
| Other Fixed Assets | 14,683 |
| NCUSIF Deposit | 45,590 |
| All Other Assets | 98,454 |
| TOTAL ASSETS | 5,018,374 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,215 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -20,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 921,231 |
| Regular shares | 3,232,007 |
| All Other Shares & Deposits | 754,412 |
| TOTAL SHARES & DEPOSITS | 4,907,650 |
| TOTAL LIABILITIES | 4,888,588 |
| Regular Reserve | 129,786 |
| Other Reserves | 0 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 129,786 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,018,374 |
| INCOME & EXPENSE | |
| Loan Income | 36,495 |
| Investment Income | 12,796 |
| Other Income | 22,210 |
| Total Employee Compensation & Benefits | 28,470 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 64,386 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,500 |
| Cost of Funds | 1,384 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,975 |
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