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TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION

Jun, 30, 2021 — TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $33.21 million in total assets. Opened 41 years ago in 1980, TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION has about 1,443 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:1,443
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:$33,212,268
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 2,105,347
TOTAL INVESTMENTS 17,727,000
Loans Held for Sale 0
 
 Real Estate Loans 8,367,917
 Unsecured Loans 869,935
 Other Loans 3,343,407
 TOTAL LOANS 12,581,259
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,000
 Land And Building 407,755
 Other Fixed Assets 93,477
 NCUSIF Deposit 258,246
 All Other Assets 87,184
  TOTAL ASSETS 33,212,268
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 629
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,924,398
 Regular shares 23,379,531
 All Other Shares & Deposits 1,534,071
  TOTAL SHARES & DEPOSITS 28,838,000
  TOTAL LIABILITIES 28,838,629
 Regular Reserve 200,000
 Other Reserves 0
 Undivided Earnings 4,173,639
  TOTAL EQUITY 4,373,639
  TOTAL LIABILITIES, SHARES, & EQUITY 33,212,268
INCOME & EXPENSE  
 Loan Income 246,875
 Investment Income 184,147
 Other Income 25,124
 Total Employee Compensation & Benefits 140,395
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 172,558
 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 28,322
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 155,438
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