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 |
| 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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