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FIRST NEW YORK FEDERAL CREDIT UNION

Mar, 31, 2022 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $455.31 million in total assets. Opened 85 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,544 members and employs 116 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:32,544
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$455,313,330
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 63,239,171
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 144,637,789
 Unsecured Loans 19,508,504
 Other Loans 59,015,633
 TOTAL LOANS 239,197,634
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,106,538
 Land And Building 9,311,823
 Other Fixed Assets 4,927,266
 NCUSIF Deposit 3,917,958
 All Other Assets 45,356
  TOTAL ASSETS 455,313,330
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,653,324
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 89,244,700
 Regular shares 234,645,884
 All Other Shares & Deposits 92,472,427
  TOTAL SHARES & DEPOSITS 416,363,011
  TOTAL LIABILITIES 423,016,335
 Regular Reserve 0
 Other Reserves -4,528,606
 Undivided Earnings 36,825,601
  TOTAL EQUITY 32,296,995
  TOTAL LIABILITIES, SHARES, & EQUITY 455,313,330
INCOME & EXPENSE  
 Loan Income 2,655,148
 Investment Income 369,491
 Other Income 480,166
 Total Employee Compensation & Benefits 2,089,585
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,081,089
 Non-operating Income & (Expense) -6,922
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 104,403
 Cost of Funds 106,904
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 223,105
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