Dec, 31, 2023 — NIAGARA REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH TONAWANDA, NY with 2 branch locations and about $38.07 million in total assets. Opened 85 years ago in 1939, NIAGARA REGIONAL FEDERAL CREDIT UNION has about 2,481 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NIAGARA REGIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1285 Erie Ave NORTH TONAWANDA, NY 14120 |
Phone: | (716) 694-7344 |
Fax: | (716) 694-6066 |
Website: | https://www.niagararegionalfcu.org |
Branches: | 2 branch locations |
Members: | 2,481 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3285 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,074,795 |
CEO/Manager: | Brenda L Michalowski |
Chairperson: | Thomas Eberwein |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,368,763 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,849,578 |
Unsecured Loans | 1,781,617 |
Other Loans | 7,994,421 |
TOTAL LOANS | 23,625,616 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,682 |
Land And Building | 607,308 |
Other Fixed Assets | 45,656 |
NCUSIF Deposit | 363,691 |
All Other Assets | 0 |
TOTAL ASSETS | 38,074,795 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,694 |
Notes & Interest Payable | 1,500,000 |
Accounts Payable & Other Liabilities | 443,027 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,058,453 |
Regular shares | 19,716,757 |
All Other Shares & Deposits | 3,626,461 |
TOTAL SHARES & DEPOSITS | 33,401,671 |
TOTAL LIABILITIES | 35,354,392 |
Regular Reserve | 0 |
Other Reserves | 306,748 |
Undivided Earnings | 2,413,655 |
TOTAL EQUITY | 2,720,403 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,074,795 |
INCOME & EXPENSE | |
Loan Income | 978,241 |
Investment Income | 324,014 |
Other Income | 143,480 |
Total Employee Compensation & Benefits | 509,631 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 848,438 |
Non-operating Income & (Expense) | 171,291 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,219 |
Cost of Funds | 89,163 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 67,575 |
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» See also Statement of Financial Condition