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DIRECTORS CHOICE CREDIT UNION

Dec, 31, 2022 — DIRECTORS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $12.22 million in total assets. Opened 24 years ago in 1999, DIRECTORS CHOICE CREDIT UNION has about 795 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DIRECTORS CHOICE CREDIT UNION
Address:
(Main Office)
1 South Family Drive
ALBANY, NY 12205
Phone:(518) 456-2686
Fax:(518) 452-9065
Website:https://www.directorschoicecu.com/
Branches:1 branch locations
Members:795
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68420
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1999
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$12,219,657
CEO/Manager:Amy Lico
Chairperson:Eugene M Guarino

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,675,325
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 449,377
 Other Loans 7,652,322
 TOTAL LOANS 8,101,699
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -138,127
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 83,282
 All Other Assets 0
  TOTAL ASSETS 12,219,657
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,174
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 677,676
 Regular shares 1,284,488
 All Other Shares & Deposits 8,240,420
  TOTAL SHARES & DEPOSITS 10,202,584
  TOTAL LIABILITIES 10,203,758
 Regular Reserve 0
 Other Reserves 32,325
 Undivided Earnings 1,983,574
  TOTAL EQUITY 2,015,899
  TOTAL LIABILITIES, SHARES, & EQUITY 12,219,657
INCOME & EXPENSE  
 Loan Income 273,420
 Investment Income 14,510
 Other Income 1,381
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 99,502
 Non-operating Income & (Expense) 16,039
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 104,235
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 100,491
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