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ELEKTRA FEDERAL CREDIT UNION

Sep, 30, 2021 — ELEKTRA FEDERAL CREDIT UNION is a federal credit union headquartered in New York, NY with 1 branch location and about $48.32 million in total assets. Opened 81 years ago in 1940, ELEKTRA FEDERAL CREDIT UNION has about 6,446 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ELEKTRA FEDERAL CREDIT UNION
Address:
(Main Office)
124 W 30th St Rm 211
New York, NY 10001
Phone:(212) 868-7128
Fax:(212) 268-0875
Website:n/a
Branches:1 branch locations
Members:6,446
Credit Union Type:Federal Credit Union
Charter Number:4127
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1940
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$48,316,363
CEO/Manager:Mark D Williams
Chairperson:Ashley Hamilton

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,432,453
TOTAL INVESTMENTS 41,847,689
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,327,883
 Other Loans 274,225
 TOTAL LOANS 2,602,108
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -43,452
 Land And Building 0
 Other Fixed Assets 14,579
 NCUSIF Deposit 412,682
 All Other Assets 50,304
  TOTAL ASSETS 48,316,363
LIABILITIES & CAPITAL:  
 Dividends Payable 52,433
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,700
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 41,413,021
 All Other Shares & Deposits 6,620
  TOTAL SHARES & DEPOSITS 41,419,641
  TOTAL LIABILITIES 41,473,774
 Regular Reserve 459,609
 Other Reserves 0
 Undivided Earnings 6,382,980
  TOTAL EQUITY 6,842,589
  TOTAL LIABILITIES, SHARES, & EQUITY 48,316,363
INCOME & EXPENSE  
 Loan Income 185,564
 Investment Income 560,674
 Other Income 551
 Total Employee Compensation & Benefits 320,791
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 227,833
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 52,800
 Cost of Funds 156,180
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 206,484
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