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COMMUNITY RESOURCE FEDERAL CREDIT UNION

Mar, 31, 2021 — COMMUNITY RESOURCE FEDERAL CREDIT UNION is a federal credit union headquartered in LATHAM, NY with 2 branch locations and about $103.61 million in total assets. Opened 86 years ago in 1935, COMMUNITY RESOURCE FEDERAL CREDIT UNION has about 6,746 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221373338
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:http://www.communityresourcefcu.com
Branches:2 branch locations
Members:6,746
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$103,613,829
CEO/Manager:Terry Langlois
Chairperson:Thomas H Ellis

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Individual Development Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,668,815
TOTAL INVESTMENTS 5,023,197
Loans Held for Sale 0
 
 Real Estate Loans 33,903,527
 Unsecured Loans 5,431,574
 Other Loans 41,956,885
 TOTAL LOANS 81,291,986
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -501,045
 Land And Building 2,710,471
 Other Fixed Assets 191,194
 NCUSIF Deposit 834,326
 All Other Assets 2,394,885
  TOTAL ASSETS 103,613,829
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 171,213
 Accounts Payable & Other Liabilities -452,271
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,070,419
 Regular shares 20,305,942
 All Other Shares & Deposits 59,649,648
  TOTAL SHARES & DEPOSITS 92,026,009
  TOTAL LIABILITIES 91,744,951
 Regular Reserve 743,232
 Other Reserves 23,183
 Undivided Earnings 11,102,463
  TOTAL EQUITY 11,868,878
  TOTAL LIABILITIES, SHARES, & EQUITY 103,613,829
INCOME & EXPENSE  
 Loan Income 959,586
 Investment Income 17,539
 Other Income 49,039
 Total Employee Compensation & Benefits 490,861
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 328,621
 Non-operating Income & (Expense) 170
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 161,700
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 303,139
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