Jun, 30, 2024 — NEWSPAPER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $446,340 in total assets. Opened 91 years ago in 1933, NEWSPAPER EMPLOYEES CREDIT UNION has about 90 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: | 90 |
| 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: | $446,340 |
| CEO/Manager: | Rhonda Bachman |
| Chairperson: | Colleen Severson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 361,321 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 88,175 |
| Other Loans | 0 |
| TOTAL LOANS | 88,175 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,236 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 446,340 |
| 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 | 205,981 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 205,981 |
| TOTAL LIABILITIES | 205,981 |
| Regular Reserve | 0 |
| Other Reserves | 100,610 |
| Undivided Earnings | 139,749 |
| TOTAL EQUITY | 240,359 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 446,340 |
| INCOME & EXPENSE | |
| Loan Income | 9,712 |
| Investment Income | 1,635 |
| Other Income | 550 |
| Total Employee Compensation & Benefits | 16,125 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,359 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 754 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -20,341 |
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