Dec, 31, 2023 — SENECA NATION OF INDIANS FEDERAL CREDIT UNION is a federal credit union headquartered in IRVING, NY with 2 branch locations and about $7.24 million in total assets. Opened 9 years ago in 2015, SENECA NATION OF INDIANS FEDERAL CREDIT UNION has about 2,376 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SENECA NATION OF INDIANS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12837 Route 438 IRVING, NY 14081 |
| Phone: | (716) 532-8179 |
| Fax: | |
| Website: | https://snifcu.org |
| Branches: | 2 branch locations |
| Members: | 2,376 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24863 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2015 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,240,687 |
| CEO/Manager: | Debra Culligan |
| Chairperson: | Lucille White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,090,490 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,071,106 |
| Other Loans | 3,810,610 |
| TOTAL LOANS | 4,881,716 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,683 |
| Land And Building | 15,328 |
| Other Fixed Assets | 25,493 |
| NCUSIF Deposit | 64,878 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,240,687 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 157,446 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,173,520 |
| Regular shares | 2,898,734 |
| All Other Shares & Deposits | 1,255,968 |
| TOTAL SHARES & DEPOSITS | 6,328,222 |
| TOTAL LIABILITIES | 6,485,668 |
| Regular Reserve | 0 |
| Other Reserves | 3,065 |
| Undivided Earnings | 751,954 |
| TOTAL EQUITY | 755,019 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,240,687 |
| INCOME & EXPENSE | |
| Loan Income | 261,886 |
| Investment Income | 85,201 |
| Other Income | 143,917 |
| Total Employee Compensation & Benefits | 242,374 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 369,989 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,293 |
| Cost of Funds | 20,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,280 |
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