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AMHERST FEDERAL CREDIT UNION

Jun, 30, 2021 — AMHERST FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, NY with 1 branch location and about $43.23 million in total assets. Opened 74 years ago in 1947, AMHERST FEDERAL CREDIT UNION has about 3,869 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 STREET, SUITE 5
AMHERST, NY 14221
Phone:(716) 634-3881
Fax:(716) 634-1272
Website:http://www.amherstcu.org
Branches:1 branch locations
Members:3,869
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:$43,232,737
CEO/Manager:Keri A Walczyk
Chairperson:Gerald Ozimek

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,095,703
TOTAL INVESTMENTS 17,980,622
Loans Held for Sale 0
 
 Real Estate Loans 7,233,327
 Unsecured Loans 2,115,576
 Other Loans 5,212,988
 TOTAL LOANS 14,561,891
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -119,343
 Land And Building 200,574
 Other Fixed Assets 41,927
 NCUSIF Deposit 357,983
 All Other Assets 113,380
  TOTAL ASSETS 43,232,737
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,640
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,706,005
 Regular shares 30,168,124
 All Other Shares & Deposits 2,136,018
  TOTAL SHARES & DEPOSITS 40,010,147
  TOTAL LIABILITIES 40,036,787
 Regular Reserve 387,678
 Other Reserves 70,622
 Undivided Earnings 2,737,650
  TOTAL EQUITY 3,195,950
  TOTAL LIABILITIES, SHARES, & EQUITY 43,232,737
INCOME & EXPENSE  
 Loan Income 312,845
 Investment Income 128,236
 Other Income 78,691
 Total Employee Compensation & Benefits 202,218
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 283,913
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 10,692
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 87,407
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