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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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