Dec, 31, 2023 — EVEREST FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON HEIGHTS, NY with 2 branch locations and about $2.71 million in total assets. Opened 6 years ago in 2018, EVEREST FEDERAL CREDIT UNION has about 995 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: | EVEREST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3751 75th St JACKSON HEIGHTS, NY 11372 |
| Phone: | (718) 806-1419 |
| Fax: | |
| Website: | https://www.everestfcu.org |
| Branches: | 2 branch locations |
| Members: | 995 |
| 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: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,708,235 |
| CEO/Manager: | Raj Biraj B Rijal |
| Chairperson: | Madan Uprety |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,058,657 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,567,484 |
| Other Loans | 0 |
| TOTAL LOANS | 1,567,484 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,357 |
| Land And Building | 51,918 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,852 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,708,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,993 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,831 |
| Regular shares | 1,643,413 |
| All Other Shares & Deposits | 584,970 |
| TOTAL SHARES & DEPOSITS | 2,270,214 |
| TOTAL LIABILITIES | 2,291,207 |
| Regular Reserve | 0 |
| Other Reserves | 35,054 |
| Undivided Earnings | 381,974 |
| TOTAL EQUITY | 417,028 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,708,235 |
| INCOME & EXPENSE | |
| Loan Income | 148,662 |
| Investment Income | 34,251 |
| Other Income | 25,395 |
| Total Employee Compensation & Benefits | 62,729 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,854 |
| Non-operating Income & (Expense) | 81,060 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,331 |
| Cost of Funds | 14,612 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,842 |
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