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LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION

Mar, 31, 2022 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $86.15 million in total assets. Opened 36 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 8,953 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 226082598
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:http://www.lespeoples.org
Branches:3 branch locations
Members:8,953
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:$86,154,380
CEO/Manager:Aissatou Barry-Fall
Chairperson:Jorge Vasquez

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,548,672
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 24,462,565
 Unsecured Loans 4,626,065
 Other Loans 1,538,829
 TOTAL LOANS 46,952,615
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -374,562
 Land And Building 0
 Other Fixed Assets 407,017
 NCUSIF Deposit 588,273
 All Other Assets 235,966
  TOTAL ASSETS 86,154,380
LIABILITIES & CAPITAL:  
 Dividends Payable 41,252
 Notes & Interest Payable 300,000
 Accounts Payable & Other Liabilities 1,168,020
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 1,200,000
 Share Drafts 26,420,088
 Regular shares 28,324,813
 All Other Shares & Deposits 19,405,436
  TOTAL SHARES & DEPOSITS 74,150,337
  TOTAL LIABILITIES 76,859,609
 Regular Reserve 0
 Other Reserves 170,351
 Undivided Earnings 9,124,420
  TOTAL EQUITY 9,294,771
  TOTAL LIABILITIES, SHARES, & EQUITY 86,154,380
INCOME & EXPENSE  
 Loan Income 662,198
 Investment Income 21,056
 Other Income 176,473
 Total Employee Compensation & Benefits 552,566
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 309,734
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 374,562
 Cost of Funds 27,206
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -203,899
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