Jun, 30, 2024 — 1199 SEIU FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $89.32 million in total assets. Opened 84 years ago in 1940, 1199 SEIU FEDERAL CREDIT UNION has about 15,882 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 |
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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: | 15,882 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24670 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $89,317,150 |
CEO/Manager: | Kathya Pierre |
Chairperson: | Aida Garcia |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,712,528 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,892,385 |
Unsecured Loans | 11,490,431 |
Other Loans | 3,877,245 |
TOTAL LOANS | 27,478,346 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -620,068 |
Land And Building | 0 |
Other Fixed Assets | 138,542 |
NCUSIF Deposit | 845,096 |
All Other Assets | 0 |
TOTAL ASSETS | 89,317,150 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,760,000 |
Accounts Payable & Other Liabilities | 298,439 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,122,777 |
Regular shares | 80,020,670 |
All Other Shares & Deposits | 500,291 |
TOTAL SHARES & DEPOSITS | 84,643,738 |
TOTAL LIABILITIES | 86,702,177 |
Regular Reserve | 0 |
Other Reserves | -3,308,841 |
Undivided Earnings | 5,923,814 |
TOTAL EQUITY | 2,614,973 |
TOTAL LIABILITIES, SHARES, & EQUITY | 89,317,150 |
INCOME & EXPENSE | |
Loan Income | 1,197,866 |
Investment Income | 654,874 |
Other Income | 530,050 |
Total Employee Compensation & Benefits | 1,187,068 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,106,122 |
Non-operating Income & (Expense) | 89,555 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,760 |
Cost of Funds | 60,883 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 81,622 |
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