Dec, 31, 2023 — LONG BEACH TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in LIDO BEACH, NY with 1 branch location and about $3.10 million in total assets. Opened 85 years ago in 1939, LONG BEACH TEACHERS FEDERAL CREDIT UNION has about 379 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LONG BEACH TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 322 Lagoon Dr W LIDO BEACH, NY 11561-4908 |
Phone: | (516) 897-2064 |
Fax: | (516) 897-2052 |
Website: | https://lbeach.org |
Branches: | 1 branch locations |
Members: | 379 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3256 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,098,253 |
CEO/Manager: | James Fiola |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 364,799 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 757,820 |
Other Loans | 115,722 |
TOTAL LOANS | 877,957 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,019 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 29,303 |
All Other Assets | 0 |
TOTAL ASSETS | 3,098,253 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,201 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,455,992 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,455,992 |
TOTAL LIABILITIES | 2,465,193 |
Regular Reserve | 0 |
Other Reserves | 136,285 |
Undivided Earnings | 496,775 |
TOTAL EQUITY | 633,060 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,098,253 |
INCOME & EXPENSE | |
Loan Income | 60,691 |
Investment Income | 67,219 |
Other Income | 1,960 |
Total Employee Compensation & Benefits | 56,188 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 50,674 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 4,589 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,419 |
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» See also Statement of Financial Condition