Jun, 30, 2021 — MSBA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Garden City, NY with 1 branch location and about $4.86 million in total assets. Opened 42 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: | http://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: | $4,860,129 |
| CEO/Manager: | Julia McLaughlin |
| Chairperson: | Morris R Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 556,692 |
| TOTAL INVESTMENTS | 2,735,739 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 951,689 |
| Other Loans | 506,657 |
| TOTAL LOANS | 1,458,346 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,460 |
| Land And Building | 0 |
| Other Fixed Assets | 11,136 |
| NCUSIF Deposit | 48,090 |
| All Other Assets | 95,586 |
| TOTAL ASSETS | 4,860,129 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,046 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -78,035 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 797,631 |
| Regular shares | 3,274,871 |
| All Other Shares & Deposits | 752,935 |
| TOTAL SHARES & DEPOSITS | 4,825,437 |
| TOTAL LIABILITIES | 4,748,448 |
| Regular Reserve | 111,681 |
| Other Reserves | 0 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 111,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,860,129 |
| INCOME & EXPENSE | |
| Loan Income | 69,884 |
| Investment Income | 24,771 |
| Other Income | 41,408 |
| Total Employee Compensation & Benefits | 58,334 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 116,945 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 2,430 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,130 |
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