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FIRST NEW YORK FEDERAL CREDIT UNION

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.


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:http://www.firstnewyork.org
Branches:8 branch locations
Members:32,501
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$442,840,476
CEO/Manager:Lucy M Halstead
Chairperson:Charles Smith

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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