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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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