Dec, 31, 2023 — CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CLARENCE, NY with 2 branch locations and about $40.51 million in total assets. Opened 70 years ago in 1954, CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION has about 3,072 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLARENCE COMMUNITY & SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 9145 Sheridan Dr CLARENCE, NY 14031 |
Phone: | (716) 630-0888 |
Fax: | (716) 633-2407 |
Website: | https://www.northtownsfcu.com |
Branches: | 2 branch locations |
Members: | 3,072 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9812 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,511,434 |
CEO/Manager: | Rebecca L Smith |
Chairperson: | Clarence (Joe) J Daigler |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,978,469 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,150,439 |
Unsecured Loans | 1,822,924 |
Other Loans | 13,843,911 |
TOTAL LOANS | 25,817,274 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,112 |
Land And Building | 2,123,260 |
Other Fixed Assets | 271,518 |
NCUSIF Deposit | 318,633 |
All Other Assets | 0 |
TOTAL ASSETS | 40,511,434 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 70,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,390,662 |
Regular shares | 17,630,668 |
All Other Shares & Deposits | 13,746,541 |
TOTAL SHARES & DEPOSITS | 36,767,871 |
TOTAL LIABILITIES | 36,838,765 |
Regular Reserve | 0 |
Other Reserves | 387,849 |
Undivided Earnings | 3,284,820 |
TOTAL EQUITY | 3,672,669 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,511,434 |
INCOME & EXPENSE | |
Loan Income | 1,364,788 |
Investment Income | 232,182 |
Other Income | 75,896 |
Total Employee Compensation & Benefits | 395,775 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 666,729 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,522 |
Cost of Funds | 438,786 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 229,648 |
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» See also Statement of Financial Condition