Jun, 30, 2024 — MOHAWK PROGRESSIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SCHENECTADY, NY with 1 branch location and about $12.12 million in total assets. Opened 89 years ago in 1936, MOHAWK PROGRESSIVE FEDERAL CREDIT UNION has about 1,041 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOHAWK PROGRESSIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1760 State St SCHENECTADY, NY 12304-1956 |
| Phone: | (518) 372-0828 |
| Fax: | (518) 374-1428 |
| Website: | https://www.mohawkprogressivefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,041 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 907 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,123,470 |
| CEO/Manager: | Carole M Graver |
| Chairperson: | Frank J DeSarbo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,957,524 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,935,107 |
| Unsecured Loans | 1,016,511 |
| Other Loans | 2,212,368 |
| TOTAL LOANS | 7,163,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,909 |
| Land And Building | 0 |
| Other Fixed Assets | 1,009 |
| NCUSIF Deposit | 105,655 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,123,470 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 882 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 162,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,707,458 |
| Regular shares | 6,113,620 |
| All Other Shares & Deposits | 2,217,939 |
| TOTAL SHARES & DEPOSITS | 11,039,017 |
| TOTAL LIABILITIES | 11,202,885 |
| Regular Reserve | 0 |
| Other Reserves | 165,943 |
| Undivided Earnings | 754,642 |
| TOTAL EQUITY | 920,585 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,123,470 |
| INCOME & EXPENSE | |
| Loan Income | 232,411 |
| Investment Income | 44,510 |
| Other Income | 18,950 |
| Total Employee Compensation & Benefits | 182,021 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,079 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,253 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,330 |
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