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FIRST FRONTIER FEDERAL CREDIT UNION

Sep, 30, 2021 — FIRST FRONTIER FEDERAL CREDIT UNION is a federal credit union headquartered in LYNBROOK, NY with 1 branch location and about $510,522 in total assets. Opened 36 years ago in 1986, FIRST FRONTIER FEDERAL CREDIT UNION has about 107 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:107
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$510,522
CEO/Manager:Susan Maloney
Chairperson:Cecil P Maloney

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 241,811
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 302,025
 Other Loans 0
 TOTAL LOANS 302,025
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,935
 Land And Building 0
 Other Fixed Assets 1,481
 NCUSIF Deposit 3,975
 All Other Assets 1,165
  TOTAL ASSETS 510,522
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 390,203
 All Other Shares & Deposits 50,588
  TOTAL SHARES & DEPOSITS 440,791
  TOTAL LIABILITIES 440,791
 Regular Reserve 25,028
 Other Reserves 0
 Undivided Earnings 44,703
  TOTAL EQUITY 69,731
  TOTAL LIABILITIES, SHARES, & EQUITY 510,522
INCOME & EXPENSE  
 Loan Income 8,231
 Investment Income 631
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 0
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 39,935
 Cost of Funds 6,011
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -37,084
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