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FIRST NEW YORK FEDERAL CREDIT UNION

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.


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:32,727
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

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
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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