Mar, 31, 2022 — NEW COVENANT DOMINION FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 2 branch locations and about $1.93 million in total assets. Opened 15 years ago in 2007, NEW COVENANT DOMINION FEDERAL CREDIT UNION has about 360 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: | NEW COVENANT DOMINION FEDERAL CREDIT UNION |
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Address: (Main Office) | 1185 Boston Rd BRONX, NY 10456-5384 |
Phone: | (718) 328-3930 |
Fax: | (718) 620-2040 |
Website: | https://www.newcovenantcreditunion.org/ |
Branches: | 2 branch locations |
Members: | 360 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24784 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 2007 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,928,112 |
CEO/Manager: | Rachel Macarthy |
Chairperson: | Joseph Alexander |
ASSETS: | $ Amount |
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Cash & Equivalents | 289,001 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 604,809 |
Other Loans | 602,246 |
TOTAL LOANS | 1,207,055 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,390 |
Land And Building | 0 |
Other Fixed Assets | 56,421 |
NCUSIF Deposit | 11,305 |
All Other Assets | 0 |
TOTAL ASSETS | 1,928,112 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 504,490 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 476,559 |
Regular shares | 475,908 |
All Other Shares & Deposits | 165,424 |
TOTAL SHARES & DEPOSITS | 1,117,891 |
TOTAL LIABILITIES | 1,622,381 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 305,731 |
TOTAL EQUITY | 305,731 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,928,112 |
INCOME & EXPENSE | |
Loan Income | 29,373 |
Investment Income | 65 |
Other Income | 14,076 |
Total Employee Compensation & Benefits | 40,928 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,697 |
Non-operating Income & (Expense) | 77,501 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,766 |
Cost of Funds | 302 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,322 |
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