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National Credit Union Service Organization

FIRST NEW YORK FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for FIRST NEW YORK FEDERAL CREDIT UNION as of: June 30, 2021.
Charter Number: 2440

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,441,554
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 62,053,658
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 77,011,839
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 32,224,000
 9. Loans to and investments in natural person credit unions 1,240,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 1,823,400
 14. TOTAL INVESTMENTS 112,299,239
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 150,000
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 232,566,049
 17. Less: Allowance for Loan & Lease Losses 2,185,031
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 8,697
 20. Land and Building 9,531,921
 21. Other Fixed Assets 3,805,905
 22. NCUA Share Insurance Capitalization Deposit 3,530,745
 23. Intangible Assets 0
 24. Other Assets 14,502,649
25. TOTAL ASSETS 439,705,386
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 4,365,730
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 87,825,745
 12. Regular Shares 224,945,710
 13. Money Market Shares 70,650,718
 14. Share Certificates 10,716,034
 15. IRA/KEOGH Accounts 4,558,944
 16. All Other Shares 918,338
 17. TOTAL SHARES 399,615,489
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 399,615,489
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 51,295
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 1,625,474
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 0
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 8,303,309
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 53,066
EQUITY:  
 33. Undivided Earnings 32,142,599
 34. Regular Reserves 3,541,863
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 0
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities 39,705
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 439,705,386
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 5,316,316
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 594,686
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 5,911,002
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 199,469
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 199,469
 10. Provision for Loan & Lease Losses 213,658
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 5,497,875
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 782,731
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 6,859
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 0
 21. TOTAL NON-INTEREST INCOME 2,850,748
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 3,920,685
 23. Travel and Conference Expense 44,120
 24. Office Occupancy Expense 689,628
 25. Office Operations Expense 1,231,261
 26. Educational and Promotional Expenses 202,945
 27. Loan Servicing Expense 460,884
 28. Professional and Outside Services 1,138,430
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 39,447
 31. Miscellaneous Operating Expenses 66,162
 32. TOTAL NON-INTEREST EXPENSE 7,793,562
33. NET INCOME (LOSS) 555,061
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans9.905,200$9,412,187
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans6.743,516$12,038,258
 5. New Vehicle Loans1.74605$12,469,984
 6. Used Vehicle Loans4.763,372$43,313,033
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit3.85300$2,863,684
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property2.99736$56,538,311
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.3751,650$62,710,998
 11. All Other Real Estate Loans/Lines of Credit4.00102$12,093,665
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.0078$20,904,404
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.352$221,525
 14. TOTAL LOANS & LEASES15,561$232,566,049
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,239$45,062,040
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff31$512,501
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration0$0$0
  b. Other Government Guaranteed0$0$0