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 |
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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: | 789 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,558,200 |
CEO/Manager: | Amy Lico |
Chairperson: | Eugene M Guarino |
ASSETS: | $ Amount |
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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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