Dec, 31, 2023 — A C M G FEDERAL CREDIT UNION is a federal credit union headquartered in SOLVAY, NY with 2 branch locations and about $90.91 million in total assets. Opened 71 years ago in 1953, A C M G FEDERAL CREDIT UNION has about 6,529 members and employs 20 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.acmgfcu.org |
| Branches: | 2 branch locations |
| Members: | 6,529 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,911,677 |
| CEO/Manager: | Brian F May |
| Chairperson: | William Lester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,442,127 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,269,890 |
| Unsecured Loans | 11,917,687 |
| Other Loans | 23,603,165 |
| TOTAL LOANS | 51,790,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -409,033 |
| Land And Building | 815,325 |
| Other Fixed Assets | 154,057 |
| NCUSIF Deposit | 766,875 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,911,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 510,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,637,124 |
| Regular shares | 35,209,864 |
| All Other Shares & Deposits | 33,277,909 |
| TOTAL SHARES & DEPOSITS | 82,124,897 |
| TOTAL LIABILITIES | 82,635,258 |
| Regular Reserve | 0 |
| Other Reserves | 8,276,419 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 8,276,419 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,911,677 |
| INCOME & EXPENSE | |
| Loan Income | 2,764,013 |
| Investment Income | 986,085 |
| Other Income | 870,850 |
| Total Employee Compensation & Benefits | 1,669,118 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,960,281 |
| Non-operating Income & (Expense) | 48,393 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 154,874 |
| Cost of Funds | 376,830 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,359,797 |
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