Jun, 30, 2024 — QSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in QUEENS VILLAGE, NY with 1 branch location and about $57.77 million in total assets. Opened 85 years ago in 1940, QSIDE FEDERAL CREDIT UNION has about 7,300 members and employs 13 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: | 7,300 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,770,286 |
| CEO/Manager: | MARK JOHNSON |
| Chairperson: | Jerry Waters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,645,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,257,051 |
| Unsecured Loans | 10,668,489 |
| Other Loans | 11,058,927 |
| TOTAL LOANS | 25,984,467 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,897 |
| Land And Building | 3,551,022 |
| Other Fixed Assets | 113,275 |
| NCUSIF Deposit | 496,083 |
| All Other Assets | 0 |
| TOTAL ASSETS | 57,770,286 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,992 |
| Notes & Interest Payable | 1,500,000 |
| Accounts Payable & Other Liabilities | 873,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,851,884 |
| Regular shares | 33,087,286 |
| All Other Shares & Deposits | 9,387,137 |
| TOTAL SHARES & DEPOSITS | 51,326,307 |
| TOTAL LIABILITIES | 53,717,162 |
| Regular Reserve | 0 |
| Other Reserves | 1,273,069 |
| Undivided Earnings | 2,780,055 |
| TOTAL EQUITY | 4,053,124 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,770,286 |
| INCOME & EXPENSE | |
| Loan Income | 1,395,010 |
| Investment Income | 138,537 |
| Other Income | 191,980 |
| Total Employee Compensation & Benefits | 988,733 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 937,528 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,497 |
| Cost of Funds | 65,176 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -237,591 |
| ↑ Back to Top | |