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NEWSPAPER EMPLOYEES CREDIT UNION

Mar, 31, 2022 — NEWSPAPER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $494,227 in total assets. Opened 89 years ago in 1933, NEWSPAPER EMPLOYEES CREDIT UNION has about 105 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NEWSPAPER EMPLOYEES CREDIT UNION
Address:
(Main Office)
645 Albany Shaker Rd
ALBANY, NY 12211-1158
Phone:(518) 454-5363
Fax:(518) 454-5684
Website:n/a
Branches:1 branch locations
Members:105
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63856
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1933
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$494,227
CEO/Manager:Rhonda Bachman
Chairperson:Joe Cipollo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 228,882
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 119,544
 Other Loans 0
 TOTAL LOANS 119,544
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,363
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 2,383
 All Other Assets 0
  TOTAL ASSETS 494,227
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 239,235
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 239,235
  TOTAL LIABILITIES 239,235
 Regular Reserve 0
 Other Reserves 100,610
 Undivided Earnings 154,382
  TOTAL EQUITY 254,992
  TOTAL LIABILITIES, SHARES, & EQUITY 494,227
INCOME & EXPENSE  
 Loan Income 3,125
 Investment Income 943
 Other Income 150
 Total Employee Compensation & Benefits 5,200
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,436
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,418
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