Sep, 30, 2025 — 1199 SEIU FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $97.26 million in total assets. Opened 86 years ago in 1940, 1199 SEIU FEDERAL CREDIT UNION has about 15,398 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1199 SEIU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 498 Fashion Ave Fl 2 NEW YORK, NY 10018-6708 |
| Phone: | (212) 957-1055 |
| Fax: | (212) 767-1732 |
| Website: | https://www.iamfedcu.org |
| Branches: | 1 branch locations |
| Members: | 15,398 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24670 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,264,954 |
| CEO/Manager: | Kathya Pierre |
| Chairperson: | Aida Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,529,735 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,727,519 |
| Unsecured Loans | 21,066,077 |
| Other Loans | 6,263,130 |
| TOTAL LOANS | 36,861,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,062,404 |
| Land And Building | 0 |
| Other Fixed Assets | 55,790 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 830,457 |
| All Other Assets | 0 |
| TOTAL ASSETS | 97,264,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,728 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,486,051 |
| Regular shares | 72,939,091 |
| All Other Shares & Deposits | 9,353,319 |
| TOTAL SHARES & DEPOSITS | 86,778,461 |
| TOTAL LIABILITIES | 86,820,189 |
| Regular Reserve | 0 |
| Other Reserves | -1,445,591 |
| Undivided Earnings | 11,890,356 |
| TOTAL EQUITY | 10,444,765 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,264,954 |
| INCOME & EXPENSE | |
| Loan Income | 2,415,632 |
| Investment Income | 1,030,758 |
| Other Income | 593,843 |
| Total Employee Compensation & Benefits | 1,437,252 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,409,253 |
| Non-operating Income & (Expense) | 417,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 365,000 |
| Cost of Funds | 421,317 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 853,097 |
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