Jun, 30, 2024 — ELEKTRA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $45.35 million in total assets. Opened 84 years ago in 1940, ELEKTRA FEDERAL CREDIT UNION has about 6,354 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 |
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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: | 6,354 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4127 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Aug 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $45,352,573 |
CEO/Manager: | Mark D Williams |
Chairperson: | Ashley Hamilton |
ASSETS: | $ Amount |
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Cash & Equivalents | 722,197 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,617,783 |
Other Loans | 296,797 |
TOTAL LOANS | 2,914,580 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,003 |
Land And Building | 0 |
Other Fixed Assets | 6,972 |
NCUSIF Deposit | 409,634 |
All Other Assets | 0 |
TOTAL ASSETS | 45,352,573 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,473 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 38,321,527 |
All Other Shares & Deposits | 6,645 |
TOTAL SHARES & DEPOSITS | 38,328,172 |
TOTAL LIABILITIES | 38,352,647 |
Regular Reserve | 0 |
Other Reserves | 459,609 |
Undivided Earnings | 6,540,317 |
TOTAL EQUITY | 6,999,926 |
TOTAL LIABILITIES, SHARES, & EQUITY | 45,352,573 |
INCOME & EXPENSE | |
Loan Income | 197,858 |
Investment Income | 520,419 |
Other Income | 722 |
Total Employee Compensation & Benefits | 340,085 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 217,222 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,000 |
Cost of Funds | 74,380 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 133,829 |
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