Dec, 31, 2021 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $442.84 million in total assets. Opened 85 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,501 members and employs 122 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 |
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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: | 32,501 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2440 |
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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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $442,840,476 |
CEO/Manager: | Lucy M Halstead |
Chairperson: | Charles Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 52,283,708 |
TOTAL INVESTMENTS | 121,042,404 |
Loans Held for Sale | 0 |
Real Estate Loans | 145,372,709 |
Unsecured Loans | 20,859,045 |
Other Loans | 58,364,011 |
TOTAL LOANS | 239,708,897 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,160,163 |
Land And Building | 9,397,722 |
Other Fixed Assets | 3,493,814 |
NCUSIF Deposit | 3,917,958 |
All Other Assets | 15,156,136 |
TOTAL ASSETS | 442,840,476 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,727,783 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 85,505,855 |
Regular shares | 226,747,699 |
All Other Shares & Deposits | 89,675,231 |
TOTAL SHARES & DEPOSITS | 401,928,785 |
TOTAL LIABILITIES | 406,656,568 |
Regular Reserve | 3,541,862 |
Other Reserves | -769,609 |
Undivided Earnings | 33,411,655 |
TOTAL EQUITY | 36,183,908 |
TOTAL LIABILITIES, SHARES, & EQUITY | 442,840,476 |
INCOME & EXPENSE | |
Loan Income | 10,679,338 |
Investment Income | 1,287,763 |
Other Income | 1,766,126 |
Total Employee Compensation & Benefits | 8,123,241 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,901,629 |
Non-operating Income & (Expense) | 21,798 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 507,013 |
Cost of Funds | 411,644 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,824,118 |
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