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VARICK MEMORIAL FEDERAL CREDIT UNION

Mar, 31, 2022 — VARICK MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in HEMPSTEAD, NY with 1 branch location and about $163,040 in total assets. Opened 25 years ago in 1997, VARICK MEMORIAL FEDERAL CREDIT UNION has about 159 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:159
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:$163,040
CEO/Manager:Lynette Robinson
Chairperson:Dawn J Lopez

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 79,722
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,144
 Other Loans 176
 TOTAL LOANS 3,320
 (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 3,226
 All Other Assets 0
  TOTAL ASSETS 163,040
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 145,456
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 145,456
  TOTAL LIABILITIES 151,463
 Regular Reserve 0
 Other Reserves 4,839
 Undivided Earnings 6,738
  TOTAL EQUITY 11,577
  TOTAL LIABILITIES, SHARES, & EQUITY 163,040
INCOME & EXPENSE  
 Loan Income 53
 Investment Income 182
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,119
 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) -112
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