Jun, 30, 2021 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $439.71 million in total assets. Opened 84 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,727 members and employs 125 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 STREET ALBANY, NY 12205 |
| Phone: | (518) 393-1326 |
| Fax: | |
| Website: | http://www.firstnewyork.org |
| Branches: | 8 branch locations |
| Members: | 32,727 |
| 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: | $439,705,386 |
| CEO/Manager: | Lucy M Halstead |
| Chairperson: | Charles Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,495,212 |
| TOTAL INVESTMENTS | 112,299,239 |
| Loans Held for Sale | 150,000 |
| Real Estate Loans | 140,153,713 |
| Unsecured Loans | 21,450,445 |
| Other Loans | 58,868,226 |
| TOTAL LOANS | 232,566,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,185,031 |
| Land And Building | 9,531,921 |
| Other Fixed Assets | 3,805,905 |
| NCUSIF Deposit | 3,530,745 |
| All Other Assets | 14,511,346 |
| TOTAL ASSETS | 439,705,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,365,730 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 87,825,745 |
| Regular shares | 224,945,710 |
| All Other Shares & Deposits | 86,844,034 |
| TOTAL SHARES & DEPOSITS | 399,615,489 |
| TOTAL LIABILITIES | 403,981,219 |
| Regular Reserve | 3,541,863 |
| Other Reserves | 39,705 |
| Undivided Earnings | 32,142,599 |
| TOTAL EQUITY | 35,724,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 439,705,386 |
| INCOME & EXPENSE | |
| Loan Income | 5,316,316 |
| Investment Income | 594,686 |
| Other Income | 782,731 |
| Total Employee Compensation & Benefits | 3,920,685 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,872,877 |
| Non-operating Income & (Expense) | 6,859 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 213,658 |
| Cost of Funds | 199,469 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 555,061 |
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