Dec, 31, 2023 — NEW YORK UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 2 branch locations and about $70.90 million in total assets. Opened 42 years ago in 1982, NEW YORK UNIVERSITY FEDERAL CREDIT UNION has about 9,317 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW YORK UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 726 Broadway Ste 110 NEW YORK, NY 10003-9616 |
| Phone: | (212) 995-3171 |
| Fax: | (212) 995-4582 |
| Website: | https://www.nyufcu.com |
| Branches: | 2 branch locations |
| Members: | 9,317 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23958 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $70,897,727 |
| CEO/Manager: | Mira Ness |
| Chairperson: | Richard Vogel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,354,429 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,021,133 |
| Real Estate Loans | 22,478,888 |
| Unsecured Loans | 11,194,083 |
| Other Loans | 7,529,971 |
| TOTAL LOANS | 41,202,942 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -927,675 |
| Land And Building | 0 |
| Other Fixed Assets | 53,243 |
| NCUSIF Deposit | 584,382 |
| All Other Assets | 0 |
| TOTAL ASSETS | 70,897,727 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 720,763 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,756,222 |
| Regular shares | 34,482,546 |
| All Other Shares & Deposits | 13,117,508 |
| TOTAL SHARES & DEPOSITS | 58,356,276 |
| TOTAL LIABILITIES | 59,077,039 |
| Regular Reserve | 0 |
| Other Reserves | -47,150 |
| Undivided Earnings | 11,867,838 |
| TOTAL EQUITY | 11,820,688 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,897,727 |
| INCOME & EXPENSE | |
| Loan Income | 2,409,509 |
| Investment Income | 1,170,084 |
| Other Income | 820,970 |
| Total Employee Compensation & Benefits | 1,504,085 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,301,057 |
| Non-operating Income & (Expense) | 409,708 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 407,275 |
| Cost of Funds | 200,427 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,397,427 |
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