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LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION

Jun, 30, 2021 — LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $84.47 million in total assets. Opened 35 years ago in 1986, LOWER EAST SIDE PEOPLE'S FEDERAL CREDIT UNION has about 8,601 members and employs 22 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:8,601
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$84,470,939
CEO/Manager:Aissatou Barry-Fall
Chairperson:Deyanira Del Rio

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 18,150,369
TOTAL INVESTMENTS 3,144,079
Loans Held for Sale 0
 
 Real Estate Loans 24,358,852
 Unsecured Loans 18,247,746
 Other Loans 1,545,675
 TOTAL LOANS 61,225,798
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -268,735
 Land And Building 0
 Other Fixed Assets 503,960
 NCUSIF Deposit 493,778
 All Other Assets 1,221,690
  TOTAL ASSETS 84,470,939
LIABILITIES & CAPITAL:  
 Dividends Payable 31,708
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,014,801
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 1,500,000
 Share Drafts 27,747,792
 Regular shares 29,475,096
 All Other Shares & Deposits 17,229,237
  TOTAL SHARES & DEPOSITS 74,452,125
  TOTAL LIABILITIES 77,998,634
 Regular Reserve 170,351
 Other Reserves 0
 Undivided Earnings 6,301,954
  TOTAL EQUITY 6,472,305
  TOTAL LIABILITIES, SHARES, & EQUITY 84,470,939
INCOME & EXPENSE  
 Loan Income 1,301,462
 Investment Income 39,924
 Other Income 322,750
 Total Employee Compensation & Benefits 917,963
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 810,007
 Non-operating Income & (Expense) 711,919
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 78,498
 Cost of Funds 41,092
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 947,663
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