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EVEREST FEDERAL CREDIT UNION

Jun, 30, 2021 — EVEREST FEDERAL CREDIT UNION is a federal credit union headquartered in Jackson Heights, NY with 1 branch location and about $1.35 million in total assets. Opened 3 years ago in 2018, EVEREST FEDERAL CREDIT UNION has about 446 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:EVEREST FEDERAL CREDIT UNION
Address:
(Main Office)
7418 37th Rd
Jackson Heights, NY 11372
Phone:(718) 806-1419
Fax:
Website:http://www.everestfcu.org
Branches:1 branch locations
Members:446
Credit Union Type:Federal Credit Union
Charter Number:24906
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:2018
Last Audited:Jan 01, 1970
FHLB Member:No
Low Income Designation:No
Assets:$1,351,942
CEO/Manager:Raj Biraj B Rijal
Chairperson:Dilli R Bhatta

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 494,396
TOTAL INVESTMENTS 60,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 739,274
 Other Loans 0
 TOTAL LOANS 739,274
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,070
 Land And Building 0
 Other Fixed Assets 44,622
 NCUSIF Deposit 400
 All Other Assets 28,320
  TOTAL ASSETS 1,351,942
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 439,677
 Accounts Payable & Other Liabilities 21,036
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 391,019
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 391,019
  TOTAL LIABILITIES 851,732
 Regular Reserve 32,661
 Other Reserves 0
 Undivided Earnings 467,549
  TOTAL EQUITY 500,210
  TOTAL LIABILITIES, SHARES, & EQUITY 1,351,942
INCOME & EXPENSE  
 Loan Income 10,819
 Investment Income 72
 Other Income 75,933
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,900
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 836
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 55,088
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