Dec, 31, 2023 — ALBANY FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 4 branch locations and about $26.54 million in total assets. Opened 89 years ago in 1935, ALBANY FIREMENS FEDERAL CREDIT UNION has about 4,512 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 |
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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: | 4,512 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 609 |
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Membership Type: | Single common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,536,329 |
CEO/Manager: | RENEE COWAN |
Chairperson: | michael r tobler |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,792,387 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 536,984 |
Unsecured Loans | 5,275,191 |
Other Loans | 15,994,764 |
TOTAL LOANS | 21,806,940 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,592 |
Land And Building | 202,577 |
Other Fixed Assets | 13,053 |
NCUSIF Deposit | 216,750 |
All Other Assets | 0 |
TOTAL ASSETS | 26,536,329 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,464 |
Notes & Interest Payable | 1,512,138 |
Accounts Payable & Other Liabilities | 103,577 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,641,089 |
Regular shares | 14,293,009 |
All Other Shares & Deposits | 6,344,449 |
TOTAL SHARES & DEPOSITS | 22,278,547 |
TOTAL LIABILITIES | 23,904,726 |
Regular Reserve | 0 |
Other Reserves | 190,459 |
Undivided Earnings | 2,441,144 |
TOTAL EQUITY | 2,631,603 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,536,329 |
INCOME & EXPENSE | |
Loan Income | 1,432,279 |
Investment Income | 28,173 |
Other Income | 51,346 |
Total Employee Compensation & Benefits | 730,144 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 577,281 |
Non-operating Income & (Expense) | 7,101 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,462 |
Cost of Funds | 203,787 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 101,964 |
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