Jun, 30, 2024 — VARICK MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in HEMPSTEAD, NY with 1 branch location and about $154,509 in total assets. Opened 28 years ago in 1997, VARICK MEMORIAL FEDERAL CREDIT UNION has about 149 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VARICK MEMORIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 60 Peninsula Blvd HEMPSTEAD, NY 11550-4205 |
| Phone: | (516) 564-6061 |
| Fax: | (516) 564-6061 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 149 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24598 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1997 |
| Last Audited: | Oct 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $154,509 |
| CEO/Manager: | Lynette Robinson |
| Chairperson: | Dawn J Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,267 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 0 |
| TOTAL LOANS | 0 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,930 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 3,248 |
| All Other Assets | 0 |
| TOTAL ASSETS | 154,509 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 141,517 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 141,517 |
| TOTAL LIABILITIES | 147,524 |
| Regular Reserve | 0 |
| Other Reserves | 4,839 |
| Undivided Earnings | 2,146 |
| TOTAL EQUITY | 6,985 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 154,509 |
| INCOME & EXPENSE | |
| Loan Income | 209 |
| Investment Income | 752 |
| Other Income | 10 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,446 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,703 |
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