Mar, 31, 2022 — MSBA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GARDEN CITY, NY with 1 branch location and about $4.74 million in total assets. Opened 43 years ago in 1979, MSBA EMPLOYEES FEDERAL CREDIT UNION has about 887 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: | 887 |
| 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: | $4,741,700 |
| CEO/Manager: | Julia McLaughlin |
| Chairperson: | Morris R Crawford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 902,072 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 915,586 |
| Other Loans | 415,276 |
| TOTAL LOANS | 1,330,862 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,399 |
| Land And Building | 0 |
| Other Fixed Assets | 4,335 |
| NCUSIF Deposit | 48,090 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,741,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 885 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,824 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 766,381 |
| Regular shares | 3,244,003 |
| All Other Shares & Deposits | 821,764 |
| TOTAL SHARES & DEPOSITS | 4,832,148 |
| TOTAL LIABILITIES | 4,868,857 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | -127,157 |
| TOTAL EQUITY | -127,157 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,741,700 |
| INCOME & EXPENSE | |
| Loan Income | 32,482 |
| Investment Income | 10,672 |
| Other Income | 20,656 |
| Total Employee Compensation & Benefits | 31,901 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 256,133 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,900 |
| Cost of Funds | 885 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -219,100 |
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