Jun, 30, 2024 — ADIRONDACK REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in TUPPER LAKE, NY with 3 branch locations and about $81.51 million in total assets. Opened 78 years ago in 1947, ADIRONDACK REGIONAL FEDERAL CREDIT UNION has about 7,302 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ADIRONDACK REGIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 280 Park St TUPPER LAKE, NY 12986-1909 |
Phone: | (518) 359-2921 |
Fax: | (518) 359-7366 |
Website: | https://www.adkcreditunion.com |
Branches: | 3 branch locations |
Members: | 7,302 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5546 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Aug 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $81,513,796 |
CEO/Manager: | Russell A Cronin Jr |
Chairperson: | Christopher Keniston |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,048,522 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,396,379 |
Unsecured Loans | 3,682,612 |
Other Loans | 21,260,935 |
TOTAL LOANS | 48,339,926 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,286 |
Land And Building | 1,912,500 |
Other Fixed Assets | 55,168 |
NCUSIF Deposit | 708,958 |
All Other Assets | 0 |
TOTAL ASSETS | 81,513,796 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 255,753 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,836,075 |
Regular shares | 37,918,583 |
All Other Shares & Deposits | 18,772,104 |
TOTAL SHARES & DEPOSITS | 75,526,762 |
TOTAL LIABILITIES | 75,782,515 |
Regular Reserve | 0 |
Other Reserves | 1,661,145 |
Undivided Earnings | 4,070,136 |
TOTAL EQUITY | 5,731,281 |
TOTAL LIABILITIES, SHARES, & EQUITY | 81,513,796 |
INCOME & EXPENSE | |
Loan Income | 1,719,444 |
Investment Income | 214,763 |
Other Income | 160,827 |
Total Employee Compensation & Benefits | 849,096 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,173,645 |
Non-operating Income & (Expense) | 25,137 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 157,153 |
Cost of Funds | 142,607 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 305,959 |
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