Dec, 31, 2023 — FINANCIAL TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 6 branch locations and about $167.00 million in total assets. Opened 74 years ago in 1950, FINANCIAL TRUST FEDERAL CREDIT UNION has about 13,586 members and employs 30 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 |
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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: | 13,586 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6870 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $166,998,862 |
CEO/Manager: | John Morrison |
Chairperson: | Timothy Oldenburg |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,381,903 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 37,764,635 |
Unsecured Loans | 5,364,054 |
Other Loans | 47,692,526 |
TOTAL LOANS | 90,821,215 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,954 |
Land And Building | 1,934,667 |
Other Fixed Assets | 186,539 |
NCUSIF Deposit | 1,443,526 |
All Other Assets | 0 |
TOTAL ASSETS | 166,998,862 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 765,396 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,512,219 |
Regular shares | 85,615,342 |
All Other Shares & Deposits | 33,815,924 |
TOTAL SHARES & DEPOSITS | 142,943,485 |
TOTAL LIABILITIES | 143,708,881 |
Regular Reserve | 0 |
Other Reserves | 6,917,160 |
Undivided Earnings | 16,372,821 |
TOTAL EQUITY | 23,289,981 |
TOTAL LIABILITIES, SHARES, & EQUITY | 166,998,862 |
INCOME & EXPENSE | |
Loan Income | 4,096,027 |
Investment Income | 1,648,806 |
Other Income | 678,981 |
Total Employee Compensation & Benefits | 2,093,522 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,781,190 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 696,180 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,622,412 |
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