Dec, 31, 2023 — EMPIRE ONE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST SENECA, NY with 2 branch locations and about $79.38 million in total assets. Opened 89 years ago in 1935, EMPIRE ONE FEDERAL CREDIT UNION has about 5,678 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMPIRE ONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3020 Orchard Park Rd WEST SENECA, NY 14224 |
Phone: | (716) 854-2458 |
Fax: | (716) 854-3613 |
Website: | https://www.empireonefcu.org |
Branches: | 2 branch locations |
Members: | 5,678 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 613 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $79,377,434 |
CEO/Manager: | Kelly Seiser |
Chairperson: | Louis A McDonald |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,777,248 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,023,273 |
Unsecured Loans | 4,466,564 |
Other Loans | 19,777,367 |
TOTAL LOANS | 33,267,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -248,710 |
Land And Building | 4,636,927 |
Other Fixed Assets | 186,913 |
NCUSIF Deposit | 752,836 |
All Other Assets | 0 |
TOTAL ASSETS | 79,377,434 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,463 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 247,567 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,334,136 |
Regular shares | 43,578,076 |
All Other Shares & Deposits | 12,184,137 |
TOTAL SHARES & DEPOSITS | 71,096,350 |
TOTAL LIABILITIES | 71,362,380 |
Regular Reserve | 0 |
Other Reserves | -267,705 |
Undivided Earnings | 8,282,759 |
TOTAL EQUITY | 8,015,054 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,377,434 |
INCOME & EXPENSE | |
Loan Income | 1,423,407 |
Investment Income | 827,317 |
Other Income | 231,690 |
Total Employee Compensation & Benefits | 1,389,432 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,264,590 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,094 |
Cost of Funds | 36,705 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,958 |
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