Dec, 31, 2023 — FIRST FRONTIER FEDERAL CREDIT UNION is a federal credit union headquartered in LYNBROOK, NY with 1 branch location and about $495,532 in total assets. Opened 38 years ago in 1986, FIRST FRONTIER FEDERAL CREDIT UNION has about 129 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST FRONTIER FEDERAL CREDIT UNION |
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Address: (Main Office) | 155 Sherman St LYNBROOK, NY 11563-2038 |
Phone: | (516) 599-8243 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 129 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24270 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1986 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $495,532 |
CEO/Manager: | Daniel P Maloney |
Chairperson: | Cecil P Maloney |
ASSETS: | $ Amount |
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Cash & Equivalents | 119,117 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 308,288 |
Other Loans | 0 |
TOTAL LOANS | 308,287 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,935 |
Land And Building | 0 |
Other Fixed Assets | 1,096 |
NCUSIF Deposit | 4,213 |
All Other Assets | 0 |
TOTAL ASSETS | 495,532 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 369,701 |
All Other Shares & Deposits | 48,599 |
TOTAL SHARES & DEPOSITS | 418,301 |
TOTAL LIABILITIES | 418,301 |
Regular Reserve | 0 |
Other Reserves | 25,028 |
Undivided Earnings | 52,203 |
TOTAL EQUITY | 77,231 |
TOTAL LIABILITIES, SHARES, & EQUITY | 495,532 |
INCOME & EXPENSE | |
Loan Income | 13,096 |
Investment Income | 5,102 |
Other Income | 0 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,761 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 10,331 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,106 |
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» See also Statement of Financial Condition