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National Credit Union Service Organization

FIRST NEW YORK FEDERAL CREDIT UNION

Jun, 30, 2023 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $452.12 million in total assets. Opened 86 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,330 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221379785
Name:FIRST NEW YORK FEDERAL CREDIT UNION
Address:
(Main Office)
2 Wall St
ALBANY, NY 12205-3845
Phone:(518) 393-1326
Fax:
Website:https://www.firstnewyork.org
Branches:8 branch locations
Members:32,330
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:$452,115,629
CEO/Manager:Lucy M Halstead
Chairperson:Brian Krawiecki

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,024,118
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 161,389,072
 Unsecured Loans 19,646,785
 Other Loans 69,675,373
 TOTAL LOANS 269,508,100
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,286,517
 Land And Building 9,256,827
 Other Fixed Assets 4,562,919
 NCUSIF Deposit 3,902,278
 All Other Assets 36,846
  TOTAL ASSETS 452,115,629
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,710,809
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 89,503,752
 Regular shares 237,992,719
 All Other Shares & Deposits 89,701,232
  TOTAL SHARES & DEPOSITS 417,197,703
  TOTAL LIABILITIES 424,908,512
 Regular Reserve 0
 Other Reserves -9,867,660
 Undivided Earnings 37,074,777
  TOTAL EQUITY 27,207,117
  TOTAL LIABILITIES, SHARES, & EQUITY 452,115,629
INCOME & EXPENSE  
 Loan Income 8,303,142
 Investment Income 1,487,003
 Other Income 1,537,385
 Total Employee Compensation & Benefits 6,284,180
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,528,869
 Non-operating Income & (Expense) -3,270
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 530,866
 Cost of Funds 329,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 472,280
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