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.
| 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 |
| 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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