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AMHERST FEDERAL CREDIT UNION

Mar, 31, 2022 — AMHERST FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSVILLE, NY with 1 branch location and about $42.50 million in total assets. Opened 75 years ago in 1947, AMHERST FEDERAL CREDIT UNION has about 3,847 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:AMHERST FEDERAL CREDIT UNION
Address:
(Main Office)
6470 Main St
WILLIAMSVILLE, NY 14221-5851
Phone:(716) 634-3881
Fax:(716) 634-1272
Website:http://www.amherstcu.org
Branches:1 branch locations
Members:3,847
Credit Union Type:Federal Credit Union
Charter Number:5439
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1947
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$42,503,153
CEO/Manager:Keri A Walczyk
Chairperson:Gerald Ozimek

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,672,845
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,032,562
 Unsecured Loans 2,079,972
 Other Loans 6,798,528
 TOTAL LOANS 16,911,062
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -119,290
 Land And Building 180,408
 Other Fixed Assets 33,283
 NCUSIF Deposit 357,983
 All Other Assets 0
  TOTAL ASSETS 42,503,153
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,222,995
 Regular shares 30,697,079
 All Other Shares & Deposits 1,939,046
  TOTAL SHARES & DEPOSITS 39,859,120
  TOTAL LIABILITIES 39,905,442
 Regular Reserve 0
 Other Reserves -698,330
 Undivided Earnings 3,296,041
  TOTAL EQUITY 2,597,711
  TOTAL LIABILITIES, SHARES, & EQUITY 42,503,153
INCOME & EXPENSE  
 Loan Income 158,179
 Investment Income 59,000
 Other Income 54,940
 Total Employee Compensation & Benefits 107,749
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 155,071
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,084
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,442
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