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MSBA EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
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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