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QSIDE FEDERAL CREDIT UNION

Sep, 30, 2021 — QSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in Queens Village, NY with 1 branch location and about $58.13 million in total assets. Opened 82 years ago in 1940, QSIDE FEDERAL CREDIT UNION has about 7,421 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.


ABA Routing Number: 221476413
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:http://www.qsidefcu.org
Branches:1 branch locations
Members:7,421
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$58,125,438
CEO/Manager:MARK JOHNSON
Chairperson:Jerry Waters

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,306,927
TOTAL INVESTMENTS 20,947,794
Loans Held for Sale 0
 
 Real Estate Loans 1,288,374
 Unsecured Loans 11,055,570
 Other Loans 9,107,014
 TOTAL LOANS 24,311,926
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -201,696
 Land And Building 3,549,254
 Other Fixed Assets 150,397
 NCUSIF Deposit 498,466
 All Other Assets 2,562,370
  TOTAL ASSETS 58,125,438
LIABILITIES & CAPITAL:  
 Dividends Payable 15,843
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,254,943
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,254,783
 Regular shares 34,596,768
 All Other Shares & Deposits 9,142,274
  TOTAL SHARES & DEPOSITS 51,993,825
  TOTAL LIABILITIES 53,264,611
 Regular Reserve 1,324,085
 Other Reserves 436,467
 Undivided Earnings 3,100,275
  TOTAL EQUITY 4,860,827
  TOTAL LIABILITIES, SHARES, & EQUITY 58,125,438
INCOME & EXPENSE  
 Loan Income 1,316,906
 Investment Income 67,318
 Other Income 161,073
 Total Employee Compensation & Benefits 999,937
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 904,889
 Non-operating Income & (Expense) 847,083
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 19,744
 Cost of Funds 94,975
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 415,895
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