Sep, 30, 2025 — A C M G FEDERAL CREDIT UNION is a federal credit union headquartered in SOLVAY, NY with 2 branch locations and about $105.80 million in total assets. Opened 73 years ago in 1953, A C M G FEDERAL CREDIT UNION has about 6,974 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A C M G FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1753 Milton Ave SOLVAY, NY 13209 |
| Phone: | (315) 488-4433 |
| Fax: | (315) 488-9201 |
| Website: | https://www.saltcityfcu.org |
| Branches: | 2 branch locations |
| Members: | 6,974 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8512 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $105,798,531 |
| CEO/Manager: | Brian F May |
| Chairperson: | William Lester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,270,586 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,207,416 |
| Unsecured Loans | 10,402,437 |
| Other Loans | 41,114,284 |
| TOTAL LOANS | 68,724,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -426,090 |
| Land And Building | 2,392,357 |
| Other Fixed Assets | 274,217 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 902,188 |
| All Other Assets | 0 |
| TOTAL ASSETS | 105,798,531 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 644,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,691,677 |
| Regular shares | 35,863,938 |
| All Other Shares & Deposits | 44,481,757 |
| TOTAL SHARES & DEPOSITS | 95,037,371 |
| TOTAL LIABILITIES | 95,682,352 |
| Regular Reserve | 0 |
| Other Reserves | -38,665 |
| Undivided Earnings | 10,154,844 |
| TOTAL EQUITY | 10,116,179 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,798,531 |
| INCOME & EXPENSE | |
| Loan Income | 2,936,112 |
| Investment Income | 847,544 |
| Other Income | 570,499 |
| Total Employee Compensation & Benefits | 1,413,778 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,681,602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 192,607 |
| Cost of Funds | 1,088,778 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 615,951 |
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