Sep, 30, 2025 — FINANCIAL TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 6 branch locations and about $187.24 million in total assets. Opened 76 years ago in 1950, FINANCIAL TRUST FEDERAL CREDIT UNION has about 13,738 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3333 Harlem Rd CHEEKTOWAGA, NY 14225 |
| Phone: | (716) 831-3007 |
| Fax: | (716) 831-0669 |
| Website: | n/a |
| Branches: | 6 branch locations |
| Members: | 13,738 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6870 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $187,237,847 |
| CEO/Manager: | John Morrison |
| Chairperson: | Timothy Oldenburg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,392,985 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,270,137 |
| Unsecured Loans | 5,193,417 |
| Other Loans | 56,828,618 |
| TOTAL LOANS | 108,292,171 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -495,343 |
| Land And Building | 1,800,109 |
| Other Fixed Assets | 268,962 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,474,468 |
| All Other Assets | 0 |
| TOTAL ASSETS | 187,237,847 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 469,767 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,445,504 |
| Regular shares | 75,070,708 |
| All Other Shares & Deposits | 58,536,612 |
| TOTAL SHARES & DEPOSITS | 158,052,823 |
| TOTAL LIABILITIES | 158,522,590 |
| Regular Reserve | 0 |
| Other Reserves | 7,048,216 |
| Undivided Earnings | 21,667,041 |
| TOTAL EQUITY | 28,715,257 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 187,237,847 |
| INCOME & EXPENSE | |
| Loan Income | 4,048,800 |
| Investment Income | 1,996,114 |
| Other Income | 424,044 |
| Total Employee Compensation & Benefits | 1,684,058 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,587,179 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,247 |
| Cost of Funds | 1,397,461 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,293,781 |
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