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National Credit Union Service Organization

MSBA EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
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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