Dec, 31, 2023 — 1199 SEIU FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $89.09 million in total assets. Opened 84 years ago in 1940, 1199 SEIU FEDERAL CREDIT UNION has about 15,335 members and employs 16 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.1199federalcu.org |
Branches: | 1 branch locations |
Members: | 15,335 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $89,094,041 |
CEO/Manager: | Kathya Pierre |
Chairperson: | Aida Garcia |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,409,156 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,940,272 |
Unsecured Loans | 15,255,292 |
Other Loans | 5,270,927 |
TOTAL LOANS | 31,581,884 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -784,964 |
Land And Building | 0 |
Other Fixed Assets | 107,840 |
NCUSIF Deposit | 841,813 |
All Other Assets | 0 |
TOTAL ASSETS | 89,094,041 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 242,884 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,998,288 |
Regular shares | 76,655,059 |
All Other Shares & Deposits | 862,757 |
TOTAL SHARES & DEPOSITS | 81,516,104 |
TOTAL LIABILITIES | 81,758,988 |
Regular Reserve | 0 |
Other Reserves | -3,154,672 |
Undivided Earnings | 10,489,725 |
TOTAL EQUITY | 7,335,053 |
TOTAL LIABILITIES, SHARES, & EQUITY | 89,094,041 |
INCOME & EXPENSE | |
Loan Income | 2,081,460 |
Investment Income | 1,053,948 |
Other Income | 616,680 |
Total Employee Compensation & Benefits | 1,789,191 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,347,475 |
Non-operating Income & (Expense) | 3,925,706 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
Cost of Funds | 162,349 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,328,129 |
↑ Back to Top |
» See also Statement of Financial Condition