Jun, 30, 2024 — ALBANY FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 4 branch locations and about $24.47 million in total assets. Opened 89 years ago in 1935, ALBANY FIREMENS FEDERAL CREDIT UNION has about 3,751 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: | 4 branch locations |
| Members: | 3,751 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 609 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,470,178 |
| CEO/Manager: | RENEE COWAN |
| Chairperson: | michael r tobler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -1,465,309 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 504,666 |
| Unsecured Loans | 4,051,966 |
| Other Loans | 14,593,704 |
| TOTAL LOANS | 19,150,336 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,654 |
| Land And Building | 203,825 |
| Other Fixed Assets | 18,799 |
| NCUSIF Deposit | 210,384 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,470,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,530 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,762,934 |
| Regular shares | 17,568,077 |
| All Other Shares & Deposits | 2,472,301 |
| TOTAL SHARES & DEPOSITS | 21,803,312 |
| TOTAL LIABILITIES | 21,814,842 |
| Regular Reserve | 0 |
| Other Reserves | 191,459 |
| Undivided Earnings | 2,463,877 |
| TOTAL EQUITY | 2,655,336 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,470,178 |
| INCOME & EXPENSE | |
| Loan Income | 639,017 |
| Investment Income | 68,957 |
| Other Income | 39,848 |
| Total Employee Compensation & Benefits | 460,169 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 397,914 |
| Non-operating Income & (Expense) | 30,452 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,654 |
| Cost of Funds | 28,431 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -86,278 |
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