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ALBANY FIREMENS FEDERAL CREDIT UNION

Jun, 30, 2023 — 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.


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:3,751
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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