Dec, 31, 2023 — NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 3 branch locations and about $74.77 million in total assets. Opened 70 years ago in 1954, NEW YORK TIMES EMPLOYEES FEDERAL CREDIT UNION has about 4,440 members and employs 8 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: | 4,440 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,767,210 |
| CEO/Manager: | Charles C Young |
| Chairperson: | Thomasina McMillan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,961,991 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,381,525 |
| Unsecured Loans | 3,814,729 |
| Other Loans | 8,861,829 |
| TOTAL LOANS | 27,058,083 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,990 |
| Land And Building | 0 |
| Other Fixed Assets | 73,124 |
| NCUSIF Deposit | 631,514 |
| All Other Assets | 214,000 |
| TOTAL ASSETS | 74,767,210 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 196,838 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,339,974 |
| Regular shares | 29,354,701 |
| All Other Shares & Deposits | 27,167,137 |
| TOTAL SHARES & DEPOSITS | 65,861,811 |
| TOTAL LIABILITIES | 66,058,649 |
| Regular Reserve | 0 |
| Other Reserves | -3,921,802 |
| Undivided Earnings | 12,630,363 |
| TOTAL EQUITY | 8,708,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,767,210 |
| INCOME & EXPENSE | |
| Loan Income | 1,264,072 |
| Investment Income | 996,312 |
| Other Income | 88,639 |
| Total Employee Compensation & Benefits | 1,211,218 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 921,952 |
| Non-operating Income & (Expense) | -55,532 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -129,734 |
| Cost of Funds | 989,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -356,411 |
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