Jun, 30, 2023 — COMMUNITY RESOURCE FEDERAL CREDIT UNION is a federal credit union headquartered in LATHAM, NY with 2 branch locations and about $110.82 million in total assets. Opened 88 years ago in 1935, COMMUNITY RESOURCE FEDERAL CREDIT UNION has about 6,620 members and employs 27 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: | 6,620 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $110,819,421 |
| CEO/Manager: | Terry Langlois |
| Chairperson: | Thomas H Ellis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,954,303 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,416,372 |
| Unsecured Loans | 6,200,088 |
| Other Loans | 43,761,125 |
| TOTAL LOANS | 84,377,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -477,790 |
| Land And Building | 2,615,976 |
| Other Fixed Assets | 192,767 |
| NCUSIF Deposit | 875,156 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,819,421 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 227,749 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,667,022 |
| Regular shares | 23,772,391 |
| All Other Shares & Deposits | 61,057,423 |
| TOTAL SHARES & DEPOSITS | 97,496,836 |
| TOTAL LIABILITIES | 97,724,591 |
| Regular Reserve | 0 |
| Other Reserves | -352,410 |
| Undivided Earnings | 13,447,240 |
| TOTAL EQUITY | 13,094,830 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,819,421 |
| INCOME & EXPENSE | |
| Loan Income | 2,751,114 |
| Investment Income | 174,037 |
| Other Income | 120,334 |
| Total Employee Compensation & Benefits | 1,573,493 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,010,930 |
| Non-operating Income & (Expense) | 12,880 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,059 |
| Cost of Funds | 343,048 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 567,390 |
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