Dec, 31, 2023 — BETHPAGE FEDERAL CREDIT UNION is a federal credit union headquartered in BETHPAGE, NY with 38 branch locations and about $12.86 billion in total assets. Opened 83 years ago in 1941, BETHPAGE FEDERAL CREDIT UNION has about 458,847 members and employs 795 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BETHPAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 899 S Oyster Bay Rd BETHPAGE, NY 11714-1030 |
Phone: | (516) 349-6800 |
Fax: | (516) 349-4251 |
Website: | https://www.bethpagefcu.com |
Branches: | 38 branch locations |
Members: | 458,847 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4735 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $12,858,362,880 |
CEO/Manager: | Linda Armyn |
Chairperson: | Vincent Scicchitano |
ASSETS: | $ Amount |
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Cash & Equivalents | 457,669,943 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 9,763,630 |
Real Estate Loans | 7,278,521,598 |
Unsecured Loans | 314,996,646 |
Other Loans | 1,392,511,380 |
TOTAL LOANS | 8,986,051,919 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,227,773 |
Land And Building | 42,664,423 |
Other Fixed Assets | 57,558,565 |
NCUSIF Deposit | 100,404,270 |
All Other Assets | 7,719,678 |
TOTAL ASSETS | 12,858,362,880 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,065,000,000 |
Accounts Payable & Other Liabilities | 242,710,989 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,375,747,260 |
Regular shares | 1,730,435,063 |
All Other Shares & Deposits | 7,592,434,465 |
TOTAL SHARES & DEPOSITS | 10,698,616,789 |
TOTAL LIABILITIES | 12,007,455,801 |
Regular Reserve | 0 |
Other Reserves | -281,398,241 |
Undivided Earnings | 1,132,305,320 |
TOTAL EQUITY | 850,907,079 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,858,362,880 |
INCOME & EXPENSE | |
Loan Income | 432,767,226 |
Investment Income | 102,637,970 |
Other Income | 13,420,722 |
Total Employee Compensation & Benefits | 87,127,736 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 155,247,531 |
Non-operating Income & (Expense) | 5,081 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,243,697 |
Cost of Funds | 264,362,549 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 46,673,378 |
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