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DIRECTORS CHOICE CREDIT UNION

Dec, 31, 2023 — DIRECTORS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $11.56 million in total assets. Opened 25 years ago in 1999, DIRECTORS CHOICE CREDIT UNION has about 789 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:789
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$11,558,200
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 1,703,209
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 356,343
 Other Loans 7,826,786
 TOTAL LOANS 8,183,129
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -143,050
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 74,957
 All Other Assets 0
  TOTAL ASSETS 11,558,200
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,265
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 391,686
 Regular shares 1,221,496
 All Other Shares & Deposits 7,636,585
  TOTAL SHARES & DEPOSITS 9,249,768
  TOTAL LIABILITIES 9,251,033
 Regular Reserve 0
 Other Reserves 32,325
 Undivided Earnings 2,274,842
  TOTAL EQUITY 2,307,167
  TOTAL LIABILITIES, SHARES, & EQUITY 11,558,200
INCOME & EXPENSE  
 Loan Income 458,058
 Investment Income 91,669
 Other Income 3,142
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 135,227
 Non-operating Income & (Expense) 15,559
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 55,000
 Cost of Funds 140,241
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 241,444
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