Sep, 30, 2021 — COUNTRYSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 1 branch location and about $164.98 million in total assets. Opened 80 years ago in 1941, COUNTRYSIDE FEDERAL CREDIT UNION has about 4,898 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COUNTRYSIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5720 COMMONS PARK EAST SYRACUSE, NY 13057 |
| Phone: | (315) 445-2300 |
| Fax: | (315) 445-2441 |
| Website: | https://www.countryside.org |
| Branches: | 1 branch locations |
| Members: | 4,898 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4745 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $164,984,232 |
| CEO/Manager: | Benedict Gasser |
| Chairperson: | Mitchell Franklin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,004,984 |
| TOTAL INVESTMENTS | 5,503,795 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 125,261,033 |
| Unsecured Loans | 1,771,406 |
| Other Loans | 9,819,255 |
| TOTAL LOANS | 136,851,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -474,572 |
| Land And Building | 110,517 |
| Other Fixed Assets | 86,383 |
| NCUSIF Deposit | 1,218,005 |
| All Other Assets | 683,426 |
| TOTAL ASSETS | 164,984,232 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 39,152 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,094,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,521,716 |
| Regular shares | 28,318,125 |
| All Other Shares & Deposits | 89,960,852 |
| TOTAL SHARES & DEPOSITS | 135,800,693 |
| TOTAL LIABILITIES | 136,933,916 |
| Regular Reserve | 2,054,124 |
| Other Reserves | -7,683 |
| Undivided Earnings | 26,003,875 |
| TOTAL EQUITY | 28,050,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,984,232 |
| INCOME & EXPENSE | |
| Loan Income | 3,726,002 |
| Investment Income | 88,675 |
| Other Income | 35,984 |
| Total Employee Compensation & Benefits | 1,127,659 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 668,627 |
| Non-operating Income & (Expense) | 1,235,453 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,588 |
| Cost of Funds | 911,839 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,518,008 |
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