Dec, 31, 2023 — STATE EMPLOYEES FEDERAL CREDIT UNION (SEFCU) is a federal credit union headquartered in ALBANY, NY with 66 branch locations and about $9.03 billion in total assets. Opened 90 years ago in 1934, STATE EMPLOYEES FEDERAL CREDIT UNION (SEFCU) has about 484,531 members and employs 1,532 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STATE EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 4 Winners Cir ALBANY, NY 12205-1121 |
Phone: | (518) 458-8986 |
Fax: | (518) 458-2261 |
Website: | https://www.broadviewfcu.com |
Branches: | 66 branch locations |
Members: | 484,531 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 51 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $9,026,817,759 |
CEO/Manager: | Michael J Castellana |
Chairperson: | Patrick Kelly |
ASSETS: | $ Amount |
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Cash & Equivalents | 553,694,410 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 41,570,505 |
Real Estate Loans | 4,533,042,395 |
Unsecured Loans | 463,907,275 |
Other Loans | 1,648,069,384 |
TOTAL LOANS | 6,645,019,054 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,362,756 |
Land And Building | 54,298,645 |
Other Fixed Assets | 37,352,851 |
NCUSIF Deposit | 67,714,831 |
All Other Assets | 1,779,136 |
TOTAL ASSETS | 9,026,817,759 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,366 |
Notes & Interest Payable | 1,002,040,116 |
Accounts Payable & Other Liabilities | 122,043,277 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,535,341,071 |
Regular shares | 2,071,660,455 |
All Other Shares & Deposits | 3,700,183,976 |
TOTAL SHARES & DEPOSITS | 7,307,185,501 |
TOTAL LIABILITIES | 8,431,726,295 |
Regular Reserve | 0 |
Other Reserves | 164,583,215 |
Undivided Earnings | 430,508,249 |
TOTAL EQUITY | 595,091,464 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,026,817,759 |
INCOME & EXPENSE | |
Loan Income | 301,829,328 |
Investment Income | 35,684,702 |
Other Income | 35,058,221 |
Total Employee Compensation & Benefits | 159,293,477 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 125,514,244 |
Non-operating Income & (Expense) | 127,541 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,971,665 |
Cost of Funds | 111,651,384 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,748,145 |
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