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MSBA EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
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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