Jun, 30, 2024 — FIRST NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 8 branch locations and about $452.12 million in total assets. Opened 88 years ago in 1937, FIRST NEW YORK FEDERAL CREDIT UNION has about 32,330 members and employs 119 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: | https://www.firstnewyork.org |
| Branches: | 8 branch locations |
| Members: | 32,330 |
| 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: | $452,115,629 |
| CEO/Manager: | Lucy M Halstead |
| Chairperson: | Brian Krawiecki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,024,118 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 161,389,072 |
| Unsecured Loans | 19,646,785 |
| Other Loans | 69,675,373 |
| TOTAL LOANS | 269,508,100 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,286,517 |
| Land And Building | 9,256,827 |
| Other Fixed Assets | 4,562,919 |
| NCUSIF Deposit | 3,902,278 |
| All Other Assets | 36,846 |
| TOTAL ASSETS | 452,115,629 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,710,809 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,503,752 |
| Regular shares | 237,992,719 |
| All Other Shares & Deposits | 89,701,232 |
| TOTAL SHARES & DEPOSITS | 417,197,703 |
| TOTAL LIABILITIES | 424,908,512 |
| Regular Reserve | 0 |
| Other Reserves | -9,867,660 |
| Undivided Earnings | 37,074,777 |
| TOTAL EQUITY | 27,207,117 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 452,115,629 |
| INCOME & EXPENSE | |
| Loan Income | 8,303,142 |
| Investment Income | 1,487,003 |
| Other Income | 1,537,385 |
| Total Employee Compensation & Benefits | 6,284,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,528,869 |
| Non-operating Income & (Expense) | -3,270 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 530,866 |
| Cost of Funds | 329,232 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 472,280 |
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