Dec, 31, 2023 — AFGM ENTERPRISES FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $12.18 million in total assets. Opened 61 years ago in 1963, AFGM ENTERPRISES FEDERAL CREDIT UNION has about 1,236 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AFGM ENTERPRISES FEDERAL CREDIT UNION |
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Address: (Main Office) | 132 Cayuga Rd CHEEKTOWAGA, NY 14225 |
Phone: | (716) 634-3636 |
Fax: | (716) 276-6966 |
Website: | https://afgmentfcu.com |
Branches: | 1 branch locations |
Members: | 1,236 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15618 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,179,716 |
CEO/Manager: | SANDRA J RANDOLPH |
Chairperson: | Gene Kuberka |
ASSETS: | $ Amount |
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Cash & Equivalents | 460,718 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,682,742 |
Unsecured Loans | 742,745 |
Other Loans | 6,966,122 |
TOTAL LOANS | 11,391,609 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,947 |
Land And Building | 0 |
Other Fixed Assets | 11,608 |
NCUSIF Deposit | 96,806 |
All Other Assets | 0 |
TOTAL ASSETS | 12,179,716 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 31 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 558,986 |
Regular shares | 8,508,025 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 9,067,011 |
TOTAL LIABILITIES | 9,067,042 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,112,674 |
TOTAL EQUITY | 3,112,674 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,179,716 |
INCOME & EXPENSE | |
Loan Income | 464,147 |
Investment Income | 50,901 |
Other Income | 10,719 |
Total Employee Compensation & Benefits | 190,054 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 185,051 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,100 |
Cost of Funds | 35,323 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 109,635 |
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