Mar, 31, 2021 — COUNTRYSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 1 branch location and about $162.60 million in total assets. Opened 80 years ago in 1941, COUNTRYSIDE FEDERAL CREDIT UNION has about 4,974 members and employs 15 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: | http://www.countryside.org |
| Branches: | 1 branch locations |
| Members: | 4,974 |
| 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: | $162,595,433 |
| CEO/Manager: | Benedict Gasser |
| Chairperson: | Mitchell Franklin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,801,572 |
| TOTAL INVESTMENTS | 4,528,610 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 120,220,929 |
| Unsecured Loans | 2,338,263 |
| Other Loans | 11,052,684 |
| TOTAL LOANS | 133,611,876 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -509,766 |
| Land And Building | 113,686 |
| Other Fixed Assets | 86,029 |
| NCUSIF Deposit | 1,225,539 |
| All Other Assets | 737,887 |
| TOTAL ASSETS | 162,595,433 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,692 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,004,808 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,428,353 |
| Regular shares | 27,394,494 |
| All Other Shares & Deposits | 89,756,838 |
| TOTAL SHARES & DEPOSITS | 135,579,685 |
| TOTAL LIABILITIES | 136,629,185 |
| Regular Reserve | 2,054,124 |
| Other Reserves | 3,386 |
| Undivided Earnings | 23,908,738 |
| TOTAL EQUITY | 25,966,248 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 162,595,433 |
| INCOME & EXPENSE | |
| Loan Income | 1,245,313 |
| Investment Income | 19,689 |
| Other Income | 8,584 |
| Total Employee Compensation & Benefits | 351,184 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 228,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,819 |
| Cost of Funds | 315,189 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 422,872 |
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