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LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION

Sep, 30, 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 $87.63 million in total assets. Opened 37 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.


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: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

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 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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