Sep, 30, 2025 — QSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in QUEENS VILLAGE, NY with 1 branch location and about $51.44 million in total assets. Opened 86 years ago in 1940, QSIDE FEDERAL CREDIT UNION has about 6,904 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QSIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 21131 Jamaica Ave QUEENS VILLAGE, NY 11428-1621 |
| Phone: | (718) 353-1300 |
| Fax: | (718) 353-5399 |
| Website: | https://www.qsidefcu.org |
| Branches: | 1 branch locations |
| Members: | 6,904 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3947 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,436,574 |
| CEO/Manager: | MARK JOHNSON |
| Chairperson: | Jerry Waters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,522,852 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,827,281 |
| Unsecured Loans | 17,484,783 |
| Other Loans | 10,910,789 |
| TOTAL LOANS | 33,222,853 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -547,679 |
| Land And Building | 3,415,608 |
| Other Fixed Assets | 135,301 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 441,636 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,436,574 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48,186 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 861,139 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,706,265 |
| Regular shares | 28,117,064 |
| All Other Shares & Deposits | 9,583,776 |
| TOTAL SHARES & DEPOSITS | 45,407,105 |
| TOTAL LIABILITIES | 46,316,430 |
| Regular Reserve | 0 |
| Other Reserves | -16,161 |
| Undivided Earnings | 5,136,305 |
| TOTAL EQUITY | 5,120,144 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,436,574 |
| INCOME & EXPENSE | |
| Loan Income | 2,509,157 |
| Investment Income | 363,258 |
| Other Income | 240,140 |
| Total Employee Compensation & Benefits | 1,192,205 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 962,826 |
| Non-operating Income & (Expense) | 120,947 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 466,480 |
| Cost of Funds | 254,282 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 612,389 |
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