Dec, 31, 2023 — BROCKPORT FEDERAL CREDIT UNION is a federal credit union headquartered in BROCKPORT, NY with 2 branch locations and about $15.51 million in total assets. Opened 54 years ago in 1970, BROCKPORT FEDERAL CREDIT UNION has about 1,294 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BROCKPORT FEDERAL CREDIT UNION |
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Address: (Main Office) | 400 West Ave BROCKPORT, NY 14420-1122 |
Phone: | (585) 637-9179 |
Fax: | (585) 637-9170 |
Website: | https://www.brockportfcu.org |
Branches: | 2 branch locations |
Members: | 1,294 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20013 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,508,961 |
CEO/Manager: | Matthew E Wieczorek |
Chairperson: | Susan Parrino |
ASSETS: | $ Amount |
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Cash & Equivalents | 214,360 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,578,434 |
Unsecured Loans | 1,059,583 |
Other Loans | 3,114,838 |
TOTAL LOANS | 8,752,857 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,259 |
Land And Building | 385,810 |
Other Fixed Assets | 4,186 |
NCUSIF Deposit | 133,912 |
All Other Assets | 0 |
TOTAL ASSETS | 15,508,961 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,999 |
Notes & Interest Payable | 400,000 |
Accounts Payable & Other Liabilities | 75,315 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,594,670 |
Regular shares | 7,054,292 |
All Other Shares & Deposits | 4,155,848 |
TOTAL SHARES & DEPOSITS | 13,804,810 |
TOTAL LIABILITIES | 14,297,124 |
Regular Reserve | 0 |
Other Reserves | 78,698 |
Undivided Earnings | 1,133,139 |
TOTAL EQUITY | 1,211,837 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,508,961 |
INCOME & EXPENSE | |
Loan Income | 574,849 |
Investment Income | 85,957 |
Other Income | 105,505 |
Total Employee Compensation & Benefits | 208,872 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 528,194 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,000 |
Cost of Funds | 104,410 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 238 |
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