Sep, 30, 2025 — EVEREST FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON HEIGHTS, NY with 4 branch locations and about $10.65 million in total assets. Opened 8 years ago in 2018, EVEREST FEDERAL CREDIT UNION has about 2,167 members and employs 10 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: | 4 branch locations |
| Members: | 2,167 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,650,462 |
| CEO/Manager: | Suman R Timsina |
| Chairperson: | Madan Uprety |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,042,789 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,000 |
| Unsecured Loans | 4,357,148 |
| Other Loans | 208,412 |
| TOTAL LOANS | 4,625,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -193,300 |
| Land And Building | 49,280 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 44,106 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,650,462 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,156 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 235,114 |
| Regular shares | 5,816,051 |
| All Other Shares & Deposits | 3,945,979 |
| TOTAL SHARES & DEPOSITS | 9,997,144 |
| TOTAL LIABILITIES | 10,020,300 |
| Regular Reserve | 0 |
| Other Reserves | 35,054 |
| Undivided Earnings | 595,108 |
| TOTAL EQUITY | 630,162 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,650,462 |
| INCOME & EXPENSE | |
| Loan Income | 414,918 |
| Investment Income | 67,631 |
| Other Income | 54,166 |
| Total Employee Compensation & Benefits | 176,833 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 245,159 |
| Non-operating Income & (Expense) | 95,330 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,200 |
| Cost of Funds | 82,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,558 |
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