Dec, 31, 2022 — FASNY FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 1 branch location and about $15.47 million in total assets. Opened 20 years ago in 2003, FASNY FEDERAL CREDIT UNION has about 1,011 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FASNY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 107 Washington Ave ALBANY, NY 12210-2231 |
| Phone: | (518) 434-3709 |
| Fax: | (518) 434-6218 |
| Website: | https://www.fasnycu.com |
| Branches: | 1 branch locations |
| Members: | 1,011 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24690 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 2003 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,473,386 |
| CEO/Manager: | Christina M Devaney |
| Chairperson: | Michael G Karashay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,690,292 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,642,101 |
| Unsecured Loans | 993,158 |
| Other Loans | 3,488,579 |
| TOTAL LOANS | 6,123,838 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,926 |
| Land And Building | 0 |
| Other Fixed Assets | 12,469 |
| NCUSIF Deposit | 103,050 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,473,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,031,447 |
| Regular shares | 7,281,482 |
| All Other Shares & Deposits | 2,337,266 |
| TOTAL SHARES & DEPOSITS | 13,650,195 |
| TOTAL LIABILITIES | 13,665,229 |
| Regular Reserve | 0 |
| Other Reserves | 5,000 |
| Undivided Earnings | 1,803,157 |
| TOTAL EQUITY | 1,808,157 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,473,386 |
| INCOME & EXPENSE | |
| Loan Income | 213,340 |
| Investment Income | 58,232 |
| Other Income | 8,229 |
| Total Employee Compensation & Benefits | 143,011 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 152,638 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -24,730 |
| Cost of Funds | 19,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,337 |
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