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MOHAWK PROGRESSIVE FEDERAL CREDIT UNION

Mar, 31, 2022 — MOHAWK PROGRESSIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SCHENECTADY, NY with 1 branch location and about $12.47 million in total assets. Opened 86 years ago in 1936, MOHAWK PROGRESSIVE FEDERAL CREDIT UNION has about 1,022 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 12304-1956
Phone:(518) 372-0828
Fax:(518) 374-1428
Website:http://www.mohawkprogressivefcu.com
Branches:1 branch locations
Members:1,022
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:$12,471,275
CEO/Manager:Carole M Graver
Chairperson:Frank J DeSarbo

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,281,952
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,453,335
 Unsecured Loans 1,012,630
 Other Loans 1,987,053
 TOTAL LOANS 6,453,018
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,895
 Land And Building 0
 Other Fixed Assets 1,666
 NCUSIF Deposit 101,060
 All Other Assets 0
  TOTAL ASSETS 12,471,275
LIABILITIES & CAPITAL:  
 Dividends Payable 817
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 214,290
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,927,972
 Regular shares 6,361,657
 All Other Shares & Deposits 2,054,821
  TOTAL SHARES & DEPOSITS 11,344,450
  TOTAL LIABILITIES 11,559,557
 Regular Reserve 0
 Other Reserves 165,943
 Undivided Earnings 745,775
  TOTAL EQUITY 911,718
  TOTAL LIABILITIES, SHARES, & EQUITY 12,471,275
INCOME & EXPENSE  
 Loan Income 73,702
 Investment Income 8,783
 Other Income 8,197
 Total Employee Compensation & Benefits 58,950
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,140
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,291
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 16,463
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