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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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