Jun, 30, 2024 — CADETS FEDERAL CREDIT UNION is a federal credit union headquartered in ELMA, NY with 2 branch locations and about $16.86 million in total assets. Opened 75 years ago in 1950, CADETS FEDERAL CREDIT UNION has about 1,169 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 |
|---|---|
| Address: (Main Office) | 1751 TRANSIT RD ELMA, NY 14059-9687 |
| Phone: | (716) 771-3434 |
| Fax: | (716) 771-3435 |
| Website: | https://[email protected] |
| Branches: | 2 branch locations |
| Members: | 1,169 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6930 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,858,389 |
| CEO/Manager: | SANDRA A KOPACZ |
| Chairperson: | THEODORE J PYRAK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,735,005 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,506,823 |
| Unsecured Loans | 915,479 |
| Other Loans | 10,188,844 |
| TOTAL LOANS | 12,611,146 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,631 |
| Land And Building | 875,406 |
| Other Fixed Assets | 16,825 |
| NCUSIF Deposit | 138,535 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,858,389 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 217 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,356,893 |
| Regular shares | 7,702,505 |
| All Other Shares & Deposits | 6,278,504 |
| TOTAL SHARES & DEPOSITS | 15,337,902 |
| TOTAL LIABILITIES | 15,376,403 |
| Regular Reserve | 0 |
| Other Reserves | 296,022 |
| Undivided Earnings | 1,185,964 |
| TOTAL EQUITY | 1,481,986 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,858,389 |
| INCOME & EXPENSE | |
| Loan Income | 545,984 |
| Investment Income | 11,281 |
| Other Income | 21,438 |
| Total Employee Compensation & Benefits | 246,095 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 201,555 |
| Non-operating Income & (Expense) | 18,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,110 |
| Cost of Funds | 59,418 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,306 |
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