Mar, 31, 2022 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $455.31 million in total assets. Opened 85 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,544 members and employs 116 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NEW YORK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Wall St ALBANY, NY 12205-3845 |
| Phone: | (518) 393-1326 |
| Fax: | |
| Website: | http://www.firstnewyork.org |
| Branches: | 8 branch locations |
| Members: | 32,544 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2440 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $455,313,330 |
| CEO/Manager: | Lucy M Halstead |
| Chairperson: | Charles Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 63,239,171 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 144,637,789 |
| Unsecured Loans | 19,508,504 |
| Other Loans | 59,015,633 |
| TOTAL LOANS | 239,197,634 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,106,538 |
| Land And Building | 9,311,823 |
| Other Fixed Assets | 4,927,266 |
| NCUSIF Deposit | 3,917,958 |
| All Other Assets | 45,356 |
| TOTAL ASSETS | 455,313,330 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,653,324 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,244,700 |
| Regular shares | 234,645,884 |
| All Other Shares & Deposits | 92,472,427 |
| TOTAL SHARES & DEPOSITS | 416,363,011 |
| TOTAL LIABILITIES | 423,016,335 |
| Regular Reserve | 0 |
| Other Reserves | -4,528,606 |
| Undivided Earnings | 36,825,601 |
| TOTAL EQUITY | 32,296,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 455,313,330 |
| INCOME & EXPENSE | |
| Loan Income | 2,655,148 |
| Investment Income | 369,491 |
| Other Income | 480,166 |
| Total Employee Compensation & Benefits | 2,089,585 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,081,089 |
| Non-operating Income & (Expense) | -6,922 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 104,403 |
| Cost of Funds | 106,904 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 223,105 |
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