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NEW COVENANT DOMINION FEDERAL CREDIT UNION

Dec, 31, 2022 — NEW COVENANT DOMINION FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 2 branch locations and about $2.31 million in total assets. Opened 16 years ago in 2007, NEW COVENANT DOMINION FEDERAL CREDIT UNION has about 403 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
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:403
Credit Union Type:Federal Credit Union
Charter Number:24784
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:2007
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$2,309,395
CEO/Manager:Rachel Macarthy
Chairperson:Joseph Alexander

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 537,141
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 702,809
 Other Loans 630,338
 TOTAL LOANS 1,333,147
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,391
 Land And Building 0
 Other Fixed Assets 67,635
 NCUSIF Deposit 8,823
 All Other Assets 0
  TOTAL ASSETS 2,309,395
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 404,537
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 148,000
 Share Drafts 657,069
 Regular shares 583,627
 All Other Shares & Deposits 195,978
  TOTAL SHARES & DEPOSITS 1,436,674
  TOTAL LIABILITIES 1,989,211
 Regular Reserve 0
 Other Reserves 34,206
 Undivided Earnings 285,978
  TOTAL EQUITY 320,184
  TOTAL LIABILITIES, SHARES, & EQUITY 2,309,395
INCOME & EXPENSE  
 Loan Income 95,150
 Investment Income 1,672
 Other Income 45,845
 Total Employee Compensation & Benefits 118,054
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,817
 Non-operating Income & (Expense) 176,546
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,767
 Cost of Funds 798
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 50,777
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