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 |
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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: | 403 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,309,395 |
CEO/Manager: | Rachel Macarthy |
Chairperson: | Joseph Alexander |
ASSETS: | $ Amount |
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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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