Sep, 30, 2025 — ALBANY FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 3 branch locations and about $24.26 million in total assets. Opened 91 years ago in 1935, ALBANY FIREMENS FEDERAL CREDIT UNION has about 4,623 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALBANY FIREMENS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 532 central ave ALBANY, NY 12206 |
| Phone: | (518) 453-9748 |
| Fax: | (518) 453-9726 |
| Website: | https://www.nybravestfcu.org/ |
| Branches: | 3 branch locations |
| Members: | 4,623 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 609 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,255,387 |
| CEO/Manager: | RENEE COWAN |
| Chairperson: | michael r tobler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 288,410 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 486,124 |
| Unsecured Loans | 5,661,102 |
| Other Loans | 14,188,161 |
| TOTAL LOANS | 20,335,386 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -170,324 |
| Land And Building | 188,075 |
| Other Fixed Assets | 761 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 222,785 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,255,387 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,320 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -70,845 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,071,876 |
| Regular shares | 13,642,537 |
| All Other Shares & Deposits | 5,859,021 |
| TOTAL SHARES & DEPOSITS | 21,573,434 |
| TOTAL LIABILITIES | 21,506,909 |
| Regular Reserve | 0 |
| Other Reserves | 191,459 |
| Undivided Earnings | 2,557,019 |
| TOTAL EQUITY | 2,748,478 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,255,387 |
| INCOME & EXPENSE | |
| Loan Income | 1,289,836 |
| Investment Income | 47,250 |
| Other Income | 56,838 |
| Total Employee Compensation & Benefits | 620,567 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 544,193 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,519 |
| Cost of Funds | 162,087 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 182,623 |
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