Dec, 31, 2023 — ADIRONDACK REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in TUPPER LAKE, NY with 3 branch locations and about $82.71 million in total assets. Opened 77 years ago in 1947, ADIRONDACK REGIONAL FEDERAL CREDIT UNION has about 7,044 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ADIRONDACK REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 280 Park St TUPPER LAKE, NY 12986-1909 |
| Phone: | (518) 359-2921 |
| Fax: | (518) 359-7366 |
| Website: | https://www.adkcreditunion.com |
| Branches: | 3 branch locations |
| Members: | 7,044 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5546 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,705,386 |
| CEO/Manager: | Russell A Cronin Jr |
| Chairperson: | Christopher Keniston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,145,772 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,097,886 |
| Unsecured Loans | 2,137,853 |
| Other Loans | 22,424,681 |
| TOTAL LOANS | 57,660,420 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -460,121 |
| Land And Building | 1,854,999 |
| Other Fixed Assets | 66,777 |
| NCUSIF Deposit | 744,858 |
| All Other Assets | 18,123 |
| TOTAL ASSETS | 82,705,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,785,090 |
| Accounts Payable & Other Liabilities | 645,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,639,867 |
| Regular shares | 34,786,602 |
| All Other Shares & Deposits | 17,544,462 |
| TOTAL SHARES & DEPOSITS | 72,970,931 |
| TOTAL LIABILITIES | 76,401,107 |
| Regular Reserve | 0 |
| Other Reserves | 1,701,478 |
| Undivided Earnings | 4,602,801 |
| TOTAL EQUITY | 6,304,279 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,705,386 |
| INCOME & EXPENSE | |
| Loan Income | 2,737,466 |
| Investment Income | 336,084 |
| Other Income | 240,210 |
| Total Employee Compensation & Benefits | 1,253,030 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,719,821 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 138,286 |
| Cost of Funds | 235,473 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 702,894 |
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