Jun, 30, 2024 — BETHPAGE FEDERAL CREDIT UNION is a federal credit union headquartered in BETHPAGE, NY with 33 branch locations and about $11.64 billion in total assets. Opened 83 years ago in 1941, BETHPAGE FEDERAL CREDIT UNION has about 445,889 members and employs 734 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: | 33 branch locations |
Members: | 445,889 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $11,641,788,296 |
CEO/Manager: | Wayne Grosse |
Chairperson: | Vincent Scicchitano |
ASSETS: | $ Amount |
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Cash & Equivalents | 99,960,491 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 5,478,001 |
Real Estate Loans | 6,362,763,050 |
Unsecured Loans | 237,332,625 |
Other Loans | 1,120,956,675 |
TOTAL LOANS | 7,721,052,350 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,553,688 |
Land And Building | 44,380,568 |
Other Fixed Assets | 13,881,011 |
NCUSIF Deposit | 91,137,931 |
All Other Assets | 2,585,382 |
TOTAL ASSETS | 11,641,788,296 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 110,000,000 |
Accounts Payable & Other Liabilities | 158,915,949 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,552,410,097 |
Regular shares | 2,054,058,091 |
All Other Shares & Deposits | 7,031,871,486 |
TOTAL SHARES & DEPOSITS | 10,638,339,674 |
TOTAL LIABILITIES | 10,907,255,623 |
Regular Reserve | 0 |
Other Reserves | -361,789,031 |
Undivided Earnings | 1,096,321,704 |
TOTAL EQUITY | 734,532,673 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,641,788,296 |
INCOME & EXPENSE | |
Loan Income | 195,642,258 |
Investment Income | 45,594,395 |
Other Income | 11,378,013 |
Total Employee Compensation & Benefits | 57,578,309 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 97,028,893 |
Non-operating Income & (Expense) | -953,463 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,519,386 |
Cost of Funds | 51,969,070 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 76,222,573 |
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