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CADETS FEDERAL CREDIT UNION

Sep, 30, 2021 — CADETS FEDERAL CREDIT UNION is a federal credit union headquartered in ELMA, NY with 2 branch locations and about $15.24 million in total assets. Opened 71 years ago in 1950, CADETS FEDERAL CREDIT UNION has about 1,163 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:1,163
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:$15,240,806
CEO/Manager:SANDRA A KOPACZ
Chairperson:THEODORE J PYRAK

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,420,785
TOTAL INVESTMENTS 476,396
Loans Held for Sale 0
 
 Real Estate Loans 1,528,940
 Unsecured Loans 778,571
 Other Loans 9,834,267
 TOTAL LOANS 12,141,778
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -94,505
 Land And Building 905,032
 Other Fixed Assets 30,535
 NCUSIF Deposit 137,809
 All Other Assets 222,976
  TOTAL ASSETS 15,240,806
LIABILITIES & CAPITAL:  
 Dividends Payable 20
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,467
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,815,514
 Regular shares 6,933,327
 All Other Shares & Deposits 5,077,525
  TOTAL SHARES & DEPOSITS 13,826,366
  TOTAL LIABILITIES 13,860,853
 Regular Reserve 296,022
 Other Reserves 0
 Undivided Earnings 1,083,931
  TOTAL EQUITY 1,379,953
  TOTAL LIABILITIES, SHARES, & EQUITY 15,240,806
INCOME & EXPENSE  
 Loan Income 543,252
 Investment Income 12,988
 Other Income 19,100
 Total Employee Compensation & Benefits 242,365
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 190,403
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,233
 Cost of Funds 65,799
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 155,361
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