Dec, 31, 2021 — COUNTRYSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 1 branch location and about $164.50 million in total assets. Opened 81 years ago in 1941, COUNTRYSIDE FEDERAL CREDIT UNION has about 4,863 members and employs 17 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: | 4,863 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $164,500,065 |
| CEO/Manager: | Benedict Gasser |
| Chairperson: | Mitchell Franklin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,767,623 |
| TOTAL INVESTMENTS | 5,244,577 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,201,226 |
| Unsecured Loans | 1,703,410 |
| Other Loans | 9,850,209 |
| TOTAL LOANS | 134,754,845 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -428,045 |
| Land And Building | 166,772 |
| Other Fixed Assets | 91,814 |
| NCUSIF Deposit | 1,275,484 |
| All Other Assets | 626,995 |
| TOTAL ASSETS | 164,500,065 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 39,824 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 966,265 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,871,346 |
| Regular shares | 28,811,292 |
| All Other Shares & Deposits | 88,523,710 |
| TOTAL SHARES & DEPOSITS | 135,206,348 |
| TOTAL LIABILITIES | 136,212,437 |
| Regular Reserve | 2,054,124 |
| Other Reserves | -20,307 |
| Undivided Earnings | 26,253,811 |
| TOTAL EQUITY | 28,287,628 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,500,065 |
| INCOME & EXPENSE | |
| Loan Income | 4,959,344 |
| Investment Income | 105,311 |
| Other Income | 44,540 |
| Total Employee Compensation & Benefits | 1,645,890 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 984,000 |
| Non-operating Income & (Expense) | 1,235,453 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,530 |
| Cost of Funds | 1,186,714 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,767,944 |
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