Jun, 30, 2024 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $87.63 million in total assets. Opened 38 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 9,077 members and employs 25 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: | 3 branch locations |
| Members: | 9,077 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $87,632,453 |
| CEO/Manager: | Aissatou Barry-Fall |
| Chairperson: | Jorge Vasquez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,038,132 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,255,196 |
| Unsecured Loans | 2,638,276 |
| Other Loans | 2,926,542 |
| TOTAL LOANS | 47,418,403 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -358,879 |
| Land And Building | 0 |
| Other Fixed Assets | 352,613 |
| NCUSIF Deposit | 550,944 |
| All Other Assets | 349,855 |
| TOTAL ASSETS | 87,632,453 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,763 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 879,442 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 24,545,201 |
| Regular shares | 27,351,068 |
| All Other Shares & Deposits | 17,977,386 |
| TOTAL SHARES & DEPOSITS | 69,873,655 |
| TOTAL LIABILITIES | 77,771,860 |
| Regular Reserve | 0 |
| Other Reserves | 170,351 |
| Undivided Earnings | 9,690,242 |
| TOTAL EQUITY | 9,860,593 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,632,453 |
| INCOME & EXPENSE | |
| Loan Income | 1,959,243 |
| Investment Income | 292,025 |
| Other Income | 562,243 |
| Total Employee Compensation & Benefits | 1,636,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,231,453 |
| Non-operating Income & (Expense) | 2,455,354 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,032 |
| Cost of Funds | 45,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,505,583 |
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