Jun, 30, 2024 — NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $85.11 million in total assets. Opened 71 years ago in 1954, NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION has about 4,548 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 620 8th Ave Fl 28 NEW YORK, NY 10018-1618 |
| Phone: | (212) 354-0351 |
| Fax: | (212) 921-0385 |
| Website: | https://www.nytimescu.org |
| Branches: | 3 branch locations |
| Members: | 4,548 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9358 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,112,127 |
| CEO/Manager: | Darlene Greene |
| Chairperson: | Thomasina McMillan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,433,798 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,072,595 |
| Unsecured Loans | 3,486,747 |
| Other Loans | 6,323,610 |
| TOTAL LOANS | 25,882,952 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -727,319 |
| Land And Building | 0 |
| Other Fixed Assets | 74,371 |
| NCUSIF Deposit | 676,091 |
| All Other Assets | 336,326 |
| TOTAL ASSETS | 85,112,127 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 358,925 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,556,965 |
| Regular shares | 38,444,753 |
| All Other Shares & Deposits | 25,453,946 |
| TOTAL SHARES & DEPOSITS | 75,455,664 |
| TOTAL LIABILITIES | 75,814,589 |
| Regular Reserve | 0 |
| Other Reserves | -3,739,728 |
| Undivided Earnings | 13,037,266 |
| TOTAL EQUITY | 9,297,538 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,112,127 |
| INCOME & EXPENSE | |
| Loan Income | 807,945 |
| Investment Income | 506,695 |
| Other Income | 63,541 |
| Total Employee Compensation & Benefits | 816,341 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 678,965 |
| Non-operating Income & (Expense) | 398,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,945 |
| Cost of Funds | 191,115 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 313,738 |
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