Sep, 30, 2025 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 4 branch locations and about $85.87 million in total assets. Opened 40 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 8,882 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 37 AVENUE B NEW YORK, NY 10009 |
| Phone: | (212) 529-8197 |
| Fax: | (212) 529-8368 |
| Website: | https://www.lespeoples.org |
| Branches: | 4 branch locations |
| Members: | 8,882 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24232 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,872,068 |
| CEO/Manager: | Aissatou Barry-Fall |
| Chairperson: | Jorge Vasquez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,073,958 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,302,135 |
| Unsecured Loans | 3,291,071 |
| Other Loans | 3,006,225 |
| TOTAL LOANS | 54,680,980 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -861,050 |
| Land And Building | 0 |
| Other Fixed Assets | 1,072,398 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 642,307 |
| All Other Assets | 2,287,581 |
| TOTAL ASSETS | 85,872,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 117,952 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,061,980 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 20,446,229 |
| Regular shares | 27,396,714 |
| All Other Shares & Deposits | 14,947,023 |
| TOTAL SHARES & DEPOSITS | 62,789,966 |
| TOTAL LIABILITIES | 74,969,898 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,902,170 |
| TOTAL EQUITY | 10,902,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,872,068 |
| INCOME & EXPENSE | |
| Loan Income | 2,800,662 |
| Investment Income | 997,135 |
| Other Income | 351,013 |
| Total Employee Compensation & Benefits | 2,241,707 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,734,355 |
| Non-operating Income & (Expense) | 1,050,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 348,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,111,033 |
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