Dec, 31, 2023 — CADETS FEDERAL CREDIT UNION is a federal credit union headquartered in ELMA, NY with 2 branch locations and about $17.64 million in total assets. Opened 74 years ago in 1950, CADETS FEDERAL CREDIT UNION has about 1,179 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CADETS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1751 TRANSIT RD ELMA, NY 14059-9687 |
Phone: | (716) 771-3434 |
Fax: | (716) 771-3435 |
Website: | https://cfcu@cadetsfcu.com |
Branches: | 2 branch locations |
Members: | 1,179 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6930 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,644,438 |
CEO/Manager: | SANDRA A KOPACZ |
Chairperson: | THEODORE J PYRAK |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,502,514 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,910,934 |
Unsecured Loans | 886,587 |
Other Loans | 9,397,311 |
TOTAL LOANS | 12,194,832 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,143 |
Land And Building | 838,375 |
Other Fixed Assets | 33,637 |
NCUSIF Deposit | 152,834 |
All Other Assets | 42,000 |
TOTAL ASSETS | 17,644,438 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 31,699 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 971,115 |
Regular shares | 5,161,553 |
All Other Shares & Deposits | 9,994,798 |
TOTAL SHARES & DEPOSITS | 16,127,466 |
TOTAL LIABILITIES | 16,159,175 |
Regular Reserve | 0 |
Other Reserves | 296,022 |
Undivided Earnings | 1,189,241 |
TOTAL EQUITY | 1,485,263 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,644,438 |
INCOME & EXPENSE | |
Loan Income | 798,593 |
Investment Income | 92,423 |
Other Income | 45,691 |
Total Employee Compensation & Benefits | 330,243 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 261,678 |
Non-operating Income & (Expense) | 127 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,764 |
Cost of Funds | 285,675 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -16,758 |
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» See also Statement of Financial Condition