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National Credit Union Service Organization

FIRST NEW YORK FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $399.05 million in total assets. Opened 84 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,713 members and employs 133 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 STREET
ALBANY, NY 12205
Phone:(518) 393-1326
Fax:
Website:http://www.firstnewyork.org
Branches:8 branch locations
Members:32,713
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$399,050,650
CEO/Manager:Lucy M Halstead
Chairperson:Charles Smith

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 65,697,726
TOTAL INVESTMENTS 77,405,541
Loans Held for Sale 0
 
 Real Estate Loans 132,257,721
 Unsecured Loans 23,809,957
 Other Loans 58,916,328
 TOTAL LOANS 227,359,449
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,275,305
 Land And Building 9,471,898
 Other Fixed Assets 3,934,403
 NCUSIF Deposit 3,376,590
 All Other Assets 14,080,348
  TOTAL ASSETS 399,050,650
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,250,022
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 82,006,620
 Regular shares 194,684,530
 All Other Shares & Deposits 82,508,396
  TOTAL SHARES & DEPOSITS 359,199,546
  TOTAL LIABILITIES 363,449,568
 Regular Reserve 3,541,863
 Other Reserves 471,681
 Undivided Earnings 31,587,538
  TOTAL EQUITY 35,601,082
  TOTAL LIABILITIES, SHARES, & EQUITY 399,050,650
INCOME & EXPENSE  
 Loan Income 11,540,424
 Investment Income 1,197,263
 Other Income 4,907,925
 Total Employee Compensation & Benefits 8,124,988
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,331,895
 Non-operating Income & (Expense) 30,239
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,301,998
 Cost of Funds 390,644
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 526,326
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