Jun, 30, 2024 — A C M G FEDERAL CREDIT UNION is a federal credit union headquartered in SOLVAY, NY with 2 branch locations and about $90.05 million in total assets. Opened 72 years ago in 1953, A C M G FEDERAL CREDIT UNION has about 6,503 members and employs 23 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 |
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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: | 6,503 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8512 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,050,442 |
CEO/Manager: | Brian F May |
Chairperson: | William Lester |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,282,953 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,870,802 |
Unsecured Loans | 12,887,409 |
Other Loans | 17,670,961 |
TOTAL LOANS | 45,429,172 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -426,818 |
Land And Building | 847,432 |
Other Fixed Assets | 225,136 |
NCUSIF Deposit | 790,071 |
All Other Assets | 0 |
TOTAL ASSETS | 90,050,442 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,295 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 531,364 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,976,159 |
Regular shares | 42,206,801 |
All Other Shares & Deposits | 25,881,329 |
TOTAL SHARES & DEPOSITS | 83,064,289 |
TOTAL LIABILITIES | 83,615,948 |
Regular Reserve | 0 |
Other Reserves | -709,398 |
Undivided Earnings | 7,143,892 |
TOTAL EQUITY | 6,434,494 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,050,442 |
INCOME & EXPENSE | |
Loan Income | 1,769,365 |
Investment Income | 317,687 |
Other Income | 609,766 |
Total Employee Compensation & Benefits | 1,200,481 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,390,517 |
Non-operating Income & (Expense) | 146,768 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,950 |
Cost of Funds | 155,004 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 326,618 |
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