Sep, 30, 2025 — COMMUNITY RESOURCE FEDERAL CREDIT UNION is a federal credit union headquartered in LATHAM, NY with 2 branch locations and about $114.51 million in total assets. Opened 91 years ago in 1935, COMMUNITY RESOURCE FEDERAL CREDIT UNION has about 7,193 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: | COMMUNITY RESOURCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20 Wade Rd LATHAM, NY 12110-3520 |
| Phone: | (518) 783-2211 |
| Fax: | (518) 783-2266 |
| Website: | https://www.communityresourcefcu.com |
| Branches: | 2 branch locations |
| Members: | 7,193 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 770 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $114,513,483 |
| CEO/Manager: | Terry Langlois |
| Chairperson: | Thomas H Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,055,016 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,232,162 |
| Unsecured Loans | 7,065,483 |
| Other Loans | 46,539,661 |
| TOTAL LOANS | 88,837,306 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -643,450 |
| Land And Building | 2,431,494 |
| Other Fixed Assets | 192,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 939,710 |
| All Other Assets | 7,600 |
| TOTAL ASSETS | 114,513,483 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -316,563 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,572,873 |
| Regular shares | 20,946,833 |
| All Other Shares & Deposits | 68,247,322 |
| TOTAL SHARES & DEPOSITS | 100,767,027 |
| TOTAL LIABILITIES | 100,450,529 |
| Regular Reserve | 0 |
| Other Reserves | -31,543 |
| Undivided Earnings | 14,094,497 |
| TOTAL EQUITY | 14,062,954 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 114,513,483 |
| INCOME & EXPENSE | |
| Loan Income | 4,197,115 |
| Investment Income | 715,748 |
| Other Income | 151,820 |
| Total Employee Compensation & Benefits | 1,871,857 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,206,908 |
| Non-operating Income & (Expense) | 280 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 342,269 |
| Cost of Funds | 1,813,554 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 241,129 |
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