Jun, 30, 2024 — FIRST FRONTIER FEDERAL CREDIT UNION is a federal credit union headquartered in LYNBROOK, NY with 1 branch location and about $492,983 in total assets. Opened 39 years ago in 1986, FIRST FRONTIER FEDERAL CREDIT UNION has about 130 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 |
|---|---|
| Address: (Main Office) | 155 Sherman St LYNBROOK, NY 11563-2038 |
| Phone: | (516) 599-8243 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 130 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24270 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $492,983 |
| CEO/Manager: | Daniel P Maloney |
| Chairperson: | Cecil P Maloney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 187,254 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 338,246 |
| Other Loans | 0 |
| TOTAL LOANS | 338,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,935 |
| Land And Building | 0 |
| Other Fixed Assets | 1,629 |
| NCUSIF Deposit | 4,407 |
| All Other Assets | 0 |
| TOTAL ASSETS | 492,983 |
| 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 | 370,533 |
| All Other Shares & Deposits | 50,068 |
| TOTAL SHARES & DEPOSITS | 420,601 |
| TOTAL LIABILITIES | 420,601 |
| Regular Reserve | 0 |
| Other Reserves | 25,028 |
| Undivided Earnings | 47,354 |
| TOTAL EQUITY | 72,382 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 492,983 |
| INCOME & EXPENSE | |
| Loan Income | 9,662 |
| Investment Income | 958 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,887 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,167 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,566 |
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