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BRANCH 6000 NALC CREDIT UNION

Jun, 30, 2021 — BRANCH 6000 NALC CREDIT UNION is a federally insured state chartered credit union headquartered in Amityville, NY with 1 branch location and about $10.07 million in total assets. Opened 48 years ago in 1973, BRANCH 6000 NALC CREDIT UNION has about 1,475 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BRANCH 6000 NALC CREDIT UNION
Address:
(Main Office)
630 Broadway
Amityville, NY 11701
Phone:(631) 789-0303
Fax:(631) 789-3540
Website:http://www.branch6000cu.com
Branches:1 branch locations
Members:1,475
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63296
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1973
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,068,384
CEO/Manager:Roger Smith
Chairperson:John Cronin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,826,867
TOTAL INVESTMENTS 2,035,089
Loans Held for Sale 0
 
 Real Estate Loans 401,134
 Unsecured Loans 1,447,269
 Other Loans 1,441,084
 TOTAL LOANS 3,289,487
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -63,349
 Land And Building 0
 Other Fixed Assets 4,975
 NCUSIF Deposit 85,489
 All Other Assets 889,826
  TOTAL ASSETS 10,068,384
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 269,596
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,046,029
 Regular shares 4,061,918
 All Other Shares & Deposits 4,284,490
  TOTAL SHARES & DEPOSITS 9,392,437
  TOTAL LIABILITIES 9,662,033
 Regular Reserve 617,273
 Other Reserves -103,467
 Undivided Earnings -107,455
  TOTAL EQUITY 406,351
  TOTAL LIABILITIES, SHARES, & EQUITY 10,068,384
INCOME & EXPENSE  
 Loan Income 125,511
 Investment Income 5,197
 Other Income 14,834
 Total Employee Compensation & Benefits 89,232
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 142,604
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,109
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -51,044
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