Dec, 31, 2023 — ENCOMPASS NIAGARA FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 1 branch location and about $14.75 million in total assets. Opened 90 years ago in 1934, ENCOMPASS NIAGARA FEDERAL CREDIT UNION has about 1,272 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ENCOMPASS NIAGARA FEDERAL CREDIT UNION |
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Address: (Main Office) | 2525 Military Rd NIAGARA FALLS, NY 14304 |
Phone: | (716) 236-7678 |
Fax: | (716) 236-7807 |
Website: | https://www.encompassniagara.com/ |
Branches: | 1 branch locations |
Members: | 1,272 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24873 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,746,458 |
CEO/Manager: | Alaina L Moeller |
Chairperson: | Stephen H Schmitt |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,892,553 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,473,052 |
Unsecured Loans | 730,912 |
Other Loans | 5,635,076 |
TOTAL LOANS | 9,839,040 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,237 |
Land And Building | 515,671 |
Other Fixed Assets | 48,156 |
NCUSIF Deposit | 98,076 |
All Other Assets | 0 |
TOTAL ASSETS | 14,746,458 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,845 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,587,387 |
Regular shares | 5,447,676 |
All Other Shares & Deposits | 6,136,558 |
TOTAL SHARES & DEPOSITS | 13,171,622 |
TOTAL LIABILITIES | 13,205,467 |
Regular Reserve | 0 |
Other Reserves | -15,147 |
Undivided Earnings | 1,556,138 |
TOTAL EQUITY | 1,540,991 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,746,458 |
INCOME & EXPENSE | |
Loan Income | 568,653 |
Investment Income | 81,649 |
Other Income | 41,664 |
Total Employee Compensation & Benefits | 253,883 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 321,542 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -44,091 |
Cost of Funds | 140,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 73,304 |
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» See also Statement of Financial Condition