Dec, 31, 2023 — ROCHESTER & MONROE CO EMP FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 2 branch locations and about $25.98 million in total assets. Opened 89 years ago in 1935, ROCHESTER & MONROE CO EMP FEDERAL CREDIT UNION has about 3,157 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROCHESTER & MONROE CO EMP FEDERAL CREDIT UNION |
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Address: (Main Office) | 460 N Goodman St ROCHESTER, NY 14609-6135 |
Phone: | (585) 546-4279 |
Fax: | (585) 546-3745 |
Website: | https://www.rocmon.org |
Branches: | 2 branch locations |
Members: | 3,157 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 817 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,976,381 |
CEO/Manager: | Andrea Thune |
Chairperson: | Brayton Connard |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,146 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,517,169 |
Unsecured Loans | 2,261,381 |
Other Loans | 3,364,695 |
TOTAL LOANS | 21,143,245 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -255,739 |
Land And Building | 26,721 |
Other Fixed Assets | 77,106 |
NCUSIF Deposit | 237,363 |
All Other Assets | 0 |
TOTAL ASSETS | 25,976,381 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,542 |
Notes & Interest Payable | 59,951 |
Accounts Payable & Other Liabilities | 53,863 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,436,570 |
Regular shares | 13,592,557 |
All Other Shares & Deposits | 6,873,796 |
TOTAL SHARES & DEPOSITS | 22,902,923 |
TOTAL LIABILITIES | 23,035,279 |
Regular Reserve | 0 |
Other Reserves | 58,000 |
Undivided Earnings | 2,883,102 |
TOTAL EQUITY | 2,941,102 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,976,381 |
INCOME & EXPENSE | |
Loan Income | 1,025,009 |
Investment Income | 100,702 |
Other Income | 62,544 |
Total Employee Compensation & Benefits | 436,719 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 581,845 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,688 |
Cost of Funds | 91,226 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 25,884 |
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