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ALBANY FIREMENS FEDERAL CREDIT UNION

Mar, 31, 2022 — ALBANY FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 4 branch locations and about $24.40 million in total assets. Opened 87 years ago in 1935, ALBANY FIREMENS FEDERAL CREDIT UNION has about 3,098 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.


ABA Routing Number: 221373202
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:4 branch locations
Members:3,098
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$24,397,435
CEO/Manager:RENEE COWAN
Chairperson:michael r tobler

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,862,767
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 721,203
 Unsecured Loans 3,022,486
 Other Loans 10,604,690
 TOTAL LOANS 14,348,379
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -65,193
 Land And Building 207,048
 Other Fixed Assets 5,445
 NCUSIF Deposit 194,305
 All Other Assets 0
  TOTAL ASSETS 24,397,435
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 29,401
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,774,452
 Regular shares 17,419,041
 All Other Shares & Deposits 2,403,191
  TOTAL SHARES & DEPOSITS 21,596,684
  TOTAL LIABILITIES 21,626,085
 Regular Reserve 0
 Other Reserves 191,459
 Undivided Earnings 2,579,891
  TOTAL EQUITY 2,771,350
  TOTAL LIABILITIES, SHARES, & EQUITY 24,397,435
INCOME & EXPENSE  
 Loan Income 200,603
 Investment Income 24,539
 Other Income 16,632
 Total Employee Compensation & Benefits 117,573
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 126,252
 Non-operating Income & (Expense) 39,271
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 65,193
 Cost of Funds 9,103
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -14,913
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