Jun, 30, 2024 — ESL FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 23 branch locations and about $9.22 billion in total assets. Opened 30 years ago in 1995, ESL FEDERAL CREDIT UNION has about 409,562 members and employs 895 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ESL FEDERAL CREDIT UNION |
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Address: (Main Office) | 225 Chestnut St ROCHESTER, NY 14604 |
Phone: | (585) 336-1000 |
Fax: | |
Website: | https://www.esl.org/ |
Branches: | 23 branch locations |
Members: | 409,562 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24563 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1995 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $9,221,273,150 |
CEO/Manager: | Faheem Masood |
Chairperson: | Kenneth D Bell |
ASSETS: | $ Amount |
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Cash & Equivalents | 90,152,034 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 3,460,316 |
Real Estate Loans | 1,802,870,560 |
Unsecured Loans | 246,677,191 |
Other Loans | 1,238,959,712 |
TOTAL LOANS | 3,288,535,076 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,165,414 |
Land And Building | 73,957,098 |
Other Fixed Assets | 59,519,525 |
NCUSIF Deposit | 49,397,582 |
All Other Assets | 1,869,555 |
TOTAL ASSETS | 9,221,273,150 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 139,288 |
Notes & Interest Payable | 2,655,660,173 |
Accounts Payable & Other Liabilities | 90,590,808 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 736,912,088 |
Regular shares | 2,933,330,582 |
All Other Shares & Deposits | 1,888,738,126 |
TOTAL SHARES & DEPOSITS | 5,558,980,796 |
TOTAL LIABILITIES | 8,305,371,065 |
Regular Reserve | 0 |
Other Reserves | -546,455,977 |
Undivided Earnings | 1,462,358,062 |
TOTAL EQUITY | 915,902,085 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,221,273,150 |
INCOME & EXPENSE | |
Loan Income | 111,079,606 |
Investment Income | 105,416,908 |
Other Income | 6,675,419 |
Total Employee Compensation & Benefits | 74,042,198 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 82,017,177 |
Non-operating Income & (Expense) | -20,504 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,650,303 |
Cost of Funds | 30,346,770 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -8,992,099 |
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