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MOHAWK PROGRESSIVE FEDERAL CREDIT UNION

Mar, 31, 2021 — MOHAWK PROGRESSIVE FEDERAL CREDIT UNION is a federal credit union headquartered in Schenectady, NY with 1 branch location and about $11.93 million in total assets. Opened 85 years ago in 1936, MOHAWK PROGRESSIVE FEDERAL CREDIT UNION has about 1,080 members and employs 5 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 12304-1880
Phone:(518) 372-0828
Fax:(518) 374-1428
Website:http://www.mohawkprogressivefcu.com
Branches:1 branch locations
Members:1,080
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$11,929,874
CEO/Manager:Carole M Graver
Chairperson:Thomas G McLaughlin

Call Report

  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,509,134
TOTAL INVESTMENTS 1,411,800
Loans Held for Sale 0
 
 Real Estate Loans 3,158,056
 Unsecured Loans 1,060,676
 Other Loans 2,515,297
 TOTAL LOANS 6,734,029
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,120
 Land And Building 0
 Other Fixed Assets 2,618
 NCUSIF Deposit 81,456
 All Other Assets 224,957
  TOTAL ASSETS 11,929,874
LIABILITIES & CAPITAL:  
 Dividends Payable 797
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 177,064
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,742,057
 Regular shares 6,269,555
 All Other Shares & Deposits 1,915,230
  TOTAL SHARES & DEPOSITS 10,926,842
  TOTAL LIABILITIES 11,104,703
 Regular Reserve 165,943
 Other Reserves 0
 Undivided Earnings 659,228
  TOTAL EQUITY 825,171
  TOTAL LIABILITIES, SHARES, & EQUITY 11,929,874
INCOME & EXPENSE  
 Loan Income 76,437
 Investment Income 5,013
 Other Income 8,728
 Total Employee Compensation & Benefits 57,818
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 38,558
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,322
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 436
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