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CADETS FEDERAL CREDIT UNION

Mar, 31, 2021 — CADETS FEDERAL CREDIT UNION is a federal credit union headquartered in ELMA, NY with 2 branch locations and about $15.71 million in total assets. Opened 71 years ago in 1950, CADETS FEDERAL CREDIT UNION has about 1,144 members and employs 8 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 ROAD
ELMA, NY 14059
Phone:(716) 771-3434
Fax:(716) 771-3435
Website:http://[email protected]
Branches:2 branch locations
Members:1,144
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,713,622
CEO/Manager:SANDRA A KOPACZ
Chairperson:THEODORE J PYRAK

Call Report

  • Indirect Consumer Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,750,800
TOTAL INVESTMENTS 876,396
Loans Held for Sale 0
 
 Real Estate Loans 1,571,367
 Unsecured Loans 631,360
 Other Loans 9,614,429
 TOTAL LOANS 11,817,156
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -97,629
 Land And Building 919,844
 Other Fixed Assets 37,703
 NCUSIF Deposit 124,072
 All Other Assets 285,280
  TOTAL ASSETS 15,713,622
LIABILITIES & CAPITAL:  
 Dividends Payable 5
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,413
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,564,080
 Regular shares 6,856,140
 All Other Shares & Deposits 6,003,374
  TOTAL SHARES & DEPOSITS 14,423,594
  TOTAL LIABILITIES 14,441,012
 Regular Reserve 296,022
 Other Reserves 0
 Undivided Earnings 976,588
  TOTAL EQUITY 1,272,610
  TOTAL LIABILITIES, SHARES, & EQUITY 15,713,622
INCOME & EXPENSE  
 Loan Income 171,668
 Investment Income 5,173
 Other Income 7,181
 Total Employee Compensation & Benefits 77,087
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,979
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,128
 Cost of Funds 23,181
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,018
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