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.
| 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 |
| 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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