Dec, 31, 2021 — DIRECTORS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $12.60 million in total assets. Opened 23 years ago in 1999, DIRECTORS CHOICE CREDIT UNION has about 819 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 |
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Address: (Main Office) | 1 South Family Drive ALBANY, NY 12205 |
Phone: | (518) 456-2686 |
Fax: | (518) 452-9065 |
Website: | http://www.directorschoicecu.com/ |
Branches: | 1 branch locations |
Members: | 819 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68420 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1999 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,601,228 |
CEO/Manager: | Amy Lico |
Chairperson: | Eugene M Guarino |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,711,516 |
TOTAL INVESTMENTS | 3,350 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 479,453 |
Other Loans | 7,454,940 |
TOTAL LOANS | 7,934,393 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,866 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 82,400 |
All Other Assets | 2,435 |
TOTAL ASSETS | 12,601,228 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,078 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 656,152 |
Regular shares | 1,261,432 |
All Other Shares & Deposits | 8,764,157 |
TOTAL SHARES & DEPOSITS | 10,681,741 |
TOTAL LIABILITIES | 10,685,819 |
Regular Reserve | 32,326 |
Other Reserves | 0 |
Undivided Earnings | 1,883,083 |
TOTAL EQUITY | 1,915,409 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,601,228 |
INCOME & EXPENSE | |
Loan Income | 387,723 |
Investment Income | 22,814 |
Other Income | 1,869 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 124,844 |
Non-operating Income & (Expense) | 34,461 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,000 |
Cost of Funds | 154,056 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 148,589 |
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