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MOHAWK PROGRESSIVE FEDERAL CREDIT UNION

Jun, 30, 2021 — MOHAWK PROGRESSIVE FEDERAL CREDIT UNION is a federal credit union headquartered in Schenectady, NY with 1 branch location and about $12.36 million in total assets. Opened 85 years ago in 1936, MOHAWK PROGRESSIVE FEDERAL CREDIT UNION has about 1,071 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:1,071
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,359,665
CEO/Manager:Carole M Graver
Chairperson:Thomas G McLaughlin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,096,942
TOTAL INVESTMENTS 1,211,800
Loans Held for Sale 0
 
 Real Estate Loans 3,312,721
 Unsecured Loans 1,065,492
 Other Loans 2,376,408
 TOTAL LOANS 6,754,621
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,735
 Land And Building 0
 Other Fixed Assets 2,263
 NCUSIF Deposit 101,060
 All Other Assets 225,714
  TOTAL ASSETS 12,359,665
LIABILITIES & CAPITAL:  
 Dividends Payable 858
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 180,981
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,084,795
 Regular shares 6,293,859
 All Other Shares & Deposits 1,947,205
  TOTAL SHARES & DEPOSITS 11,325,859
  TOTAL LIABILITIES 11,507,698
 Regular Reserve 165,943
 Other Reserves 0
 Undivided Earnings 686,024
  TOTAL EQUITY 851,967
  TOTAL LIABILITIES, SHARES, & EQUITY 12,359,665
INCOME & EXPENSE  
 Loan Income 156,841
 Investment Income 10,747
 Other Income 14,045
 Total Employee Compensation & Benefits 116,464
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 77,539
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,485
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 27,232
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