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NEWSPAPER EMPLOYEES CREDIT UNION

Mar, 31, 2021 — NEWSPAPER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $526,661 in total assets. Opened 88 years ago in 1933, NEWSPAPER EMPLOYEES CREDIT UNION has about 117 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 ROAD
ALBANY, NY 12211-1158
Phone:(518) 454-5363
Fax:(518) 454-5684
Website:n/a
Branches:1 branch locations
Members:117
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$526,661
CEO/Manager:Rhonda Bachman
Chairperson:Joe Cipollo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 234,099
TOTAL INVESTMENTS 150,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 150,990
 Other Loans 0
 TOTAL LOANS 150,990
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,321
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 2,105
 All Other Assets 2,788
  TOTAL ASSETS 526,661
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 250,811
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 250,811
  TOTAL LIABILITIES 250,811
 Regular Reserve 100,610
 Other Reserves 0
 Undivided Earnings 175,240
  TOTAL EQUITY 275,850
  TOTAL LIABILITIES, SHARES, & EQUITY 526,661
INCOME & EXPENSE  
 Loan Income 3,864
 Investment Income 977
 Other Income 150
 Total Employee Compensation & Benefits 5,200
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,061
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 300
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,570
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