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DIRECTORS CHOICE CREDIT UNION

Mar, 31, 2022 — DIRECTORS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $12.61 million in total assets. Opened 23 years ago in 1999, DIRECTORS CHOICE CREDIT UNION has about 811 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:http://www.directorschoicecu.com/
Branches:1 branch locations
Members:811
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:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$12,609,661
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 3,762,177
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 479,506
 Other Loans 7,416,122
 TOTAL LOANS 7,895,628
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -132,997
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 82,401
 All Other Assets 0
  TOTAL ASSETS 12,609,661
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,779
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 625,071
 Regular shares 1,257,683
 All Other Shares & Deposits 8,765,788
  TOTAL SHARES & DEPOSITS 10,648,542
  TOTAL LIABILITIES 10,650,321
 Regular Reserve 0
 Other Reserves 32,325
 Undivided Earnings 1,927,015
  TOTAL EQUITY 1,959,340
  TOTAL LIABILITIES, SHARES, & EQUITY 12,609,661
INCOME & EXPENSE  
 Loan Income 90,443
 Investment Income 3,034
 Other Income 551
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,261
 Non-operating Income & (Expense) 16,039
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 34,543
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,931
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