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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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