Jun, 30, 2024 — THE FINEST FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $23.04 million in total assets. Opened 9 years ago in 2015, THE FINEST FEDERAL CREDIT UNION has about 7,075 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE FINEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 215 Park Row NEW YORK, NY 10038 |
Phone: | (646) 661-1886 |
Fax: | (646) 661-1093 |
Website: | https://thefinestfcu.org |
Branches: | 1 branch locations |
Members: | 7,075 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24862 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 2015 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,044,055 |
CEO/Manager: | Keith Stone |
Chairperson: | George Mifsud |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,489,705 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 141,892 |
Unsecured Loans | 17,058,307 |
Other Loans | 1,861,439 |
TOTAL LOANS | 19,061,638 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -113,976 |
Land And Building | 0 |
Other Fixed Assets | 258,873 |
NCUSIF Deposit | 138,089 |
All Other Assets | 0 |
TOTAL ASSETS | 23,044,055 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 270,326 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,741,981 |
Regular shares | 6,820,928 |
All Other Shares & Deposits | 8,006,990 |
TOTAL SHARES & DEPOSITS | 19,569,899 |
TOTAL LIABILITIES | 19,840,225 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,203,830 |
TOTAL EQUITY | 3,203,830 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,044,055 |
INCOME & EXPENSE | |
Loan Income | 1,239,250 |
Investment Income | 29,423 |
Other Income | 101,887 |
Total Employee Compensation & Benefits | 562,541 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 514,463 |
Non-operating Income & (Expense) | 302,449 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,465 |
Cost of Funds | 138,051 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 396,713 |
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