ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://rasefcu.org for more information.
Sep, 30, 2025 — ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Rochester, NY with 1 branch location and about $18.04 million in total assets. Opened 91 years ago in 1935, ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION has about 1,709 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 24680 Rochester, NY 14624 |
| Phone: | (585) 272-0020 |
| Fax: | (585) 272-0022 |
| Website: | https://rasefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,709 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 680 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,042,298 |
| CEO/Manager: | Carl R Byers |
| Chairperson: | Herbert Skerker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,374,888 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,120,110 |
| Unsecured Loans | 1,102,562 |
| Other Loans | 4,331,800 |
| TOTAL LOANS | 7,554,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,836 |
| Land And Building | 0 |
| Other Fixed Assets | 937 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 156,896 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,042,298 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,005 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,116,532 |
| Regular shares | 7,847,148 |
| All Other Shares & Deposits | 6,239,253 |
| TOTAL SHARES & DEPOSITS | 16,202,933 |
| TOTAL LIABILITIES | 16,206,938 |
| Regular Reserve | 0 |
| Other Reserves | 266,885 |
| Undivided Earnings | 1,568,475 |
| TOTAL EQUITY | 1,835,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,042,298 |
| INCOME & EXPENSE | |
| Loan Income | 245,328 |
| Investment Income | 82,747 |
| Other Income | 20,436 |
| Total Employee Compensation & Benefits | 117,653 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 181,089 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,000 |
| Cost of Funds | 22,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,276 |
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