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TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION

Mar, 31, 2022 — TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $33.90 million in total assets. Opened 42 years ago in 1980, TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION has about 1,448 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION
Address:
(Main Office)
3251 BROADWAY St
CHEEKTOWAGA, NY 14227-1033
Phone:(716) 686-3497
Fax:(716) 681-2923
Website:http://www.townofcheektowagafcu.com
Branches:1 branch locations
Members:1,448
Credit Union Type:Federal Credit Union
Charter Number:23717
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1980
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$33,897,817
CEO/Manager:RICK D ROLL
Chairperson:DAVID PRZEPIORA

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,516,481
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,943,730
 Unsecured Loans 791,719
 Other Loans 3,204,176
 TOTAL LOANS 11,939,625
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,123
 Land And Building 416,775
 Other Fixed Assets 76,104
 NCUSIF Deposit 258,246
 All Other Assets 0
  TOTAL ASSETS 33,897,817
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 662
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,916,770
 Regular shares 24,014,456
 All Other Shares & Deposits 1,295,037
  TOTAL SHARES & DEPOSITS 29,226,263
  TOTAL LIABILITIES 29,226,925
 Regular Reserve 0
 Other Reserves 200,000
 Undivided Earnings 4,470,892
  TOTAL EQUITY 4,670,892
  TOTAL LIABILITIES, SHARES, & EQUITY 33,897,817
INCOME & EXPENSE  
 Loan Income 117,799
 Investment Income 92,642
 Other Income 17,410
 Total Employee Compensation & Benefits 70,095
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,567
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 128
 Cost of Funds 13,734
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 75,292
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