Jun, 30, 2021 — DIRECTORS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, NY with 1 branch location and about $12.73 million in total assets. Opened 22 years ago in 1999, DIRECTORS CHOICE CREDIT UNION has about 830 members 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: | 830 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,730,951 |
| CEO/Manager: | Michael Lanotte |
| Chairperson: | Eugene M Guarino |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,011,613 |
| TOTAL INVESTMENTS | 499,350 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 455,831 |
| Other Loans | 7,795,806 |
| TOTAL LOANS | 8,251,637 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,314 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 82,401 |
| All Other Assets | 6,264 |
| TOTAL ASSETS | 12,730,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,218 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 581,369 |
| Regular shares | 1,081,551 |
| All Other Shares & Deposits | 9,220,674 |
| TOTAL SHARES & DEPOSITS | 10,883,594 |
| TOTAL LIABILITIES | 10,887,812 |
| Regular Reserve | 32,326 |
| Other Reserves | 0 |
| Undivided Earnings | 1,810,813 |
| TOTAL EQUITY | 1,843,139 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,730,951 |
| INCOME & EXPENSE | |
| Loan Income | 201,150 |
| Investment Income | 13,892 |
| Other Income | 751 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,371 |
| Non-operating Income & (Expense) | 17,808 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 81,028 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,319 |
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