Dec, 31, 2023 — ALLEGANY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in FILLMORE, NY with 1 branch location and about $23.03 million in total assets. Opened 47 years ago in 1977, ALLEGANY FIRST FEDERAL CREDIT UNION has about 2,189 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: | ALLEGANY FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 27 W Main St FILLMORE, NY 14735 |
| Phone: | (585) 567-4103 |
| Fax: | (585) 567-8993 |
| Website: | https://www.alleganyfirstfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,189 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22883 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,031,446 |
| CEO/Manager: | Jody R Vosburg |
| Chairperson: | Randa Harrington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,228,005 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,326,461 |
| Unsecured Loans | 1,524,385 |
| Other Loans | 3,475,723 |
| TOTAL LOANS | 6,326,569 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,865 |
| Land And Building | 450,841 |
| Other Fixed Assets | 23,274 |
| NCUSIF Deposit | 207,213 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,031,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,774 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,376,986 |
| Regular shares | 14,996,137 |
| All Other Shares & Deposits | 217,809 |
| TOTAL SHARES & DEPOSITS | 20,590,932 |
| TOTAL LIABILITIES | 20,661,706 |
| Regular Reserve | 0 |
| Other Reserves | 138,996 |
| Undivided Earnings | 2,230,744 |
| TOTAL EQUITY | 2,369,740 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,031,446 |
| INCOME & EXPENSE | |
| Loan Income | 371,334 |
| Investment Income | 606,039 |
| Other Income | 37,988 |
| Total Employee Compensation & Benefits | 240,160 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 331,580 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,496 |
| Cost of Funds | 67,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 474,091 |
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