Jun, 30, 2024 — ACCESS FEDERAL CREDIT UNION is a federal credit union headquartered in CLINTON, NY with 5 branch locations and about $254.63 million in total assets. Opened 78 years ago in 1947, ACCESS FEDERAL CREDIT UNION has about 22,798 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACCESS FEDERAL CREDIT UNION |
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Address: (Main Office) | 6 Franklin Ave CLINTON, NY 13323 |
Phone: | (315) 557-1000 |
Fax: | (315) 557-1004 |
Website: | https://www.accessfcu.org |
Branches: | 5 branch locations |
Members: | 22,798 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5579 |
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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: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $254,630,653 |
CEO/Manager: | Thomas L Owens |
Chairperson: | S. Leo Angelicola |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,963,200 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,995,979 |
Unsecured Loans | 3,408,936 |
Other Loans | 82,516,477 |
TOTAL LOANS | 143,921,392 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -722,038 |
Land And Building | 1,262,891 |
Other Fixed Assets | 481,074 |
NCUSIF Deposit | 2,137,143 |
All Other Assets | 0 |
TOTAL ASSETS | 254,630,653 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,135,712 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 65,275,026 |
Regular shares | 127,590,988 |
All Other Shares & Deposits | 41,748,845 |
TOTAL SHARES & DEPOSITS | 234,614,859 |
TOTAL LIABILITIES | 236,750,571 |
Regular Reserve | 0 |
Other Reserves | -930,005 |
Undivided Earnings | 18,810,087 |
TOTAL EQUITY | 17,880,082 |
TOTAL LIABILITIES, SHARES, & EQUITY | 254,630,653 |
INCOME & EXPENSE | |
Loan Income | 3,944,322 |
Investment Income | 695,828 |
Other Income | 830,750 |
Total Employee Compensation & Benefits | 2,336,454 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,924,661 |
Non-operating Income & (Expense) | 83 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
Cost of Funds | 488,467 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,173,936 |
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