Dec, 31, 2023 — BUFFALO CONRAIL FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $52.88 million in total assets. Opened 89 years ago in 1935, BUFFALO CONRAIL FEDERAL CREDIT UNION has about 2,535 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BUFFALO CONRAIL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1481 Harlem Rd CHEEKTOWAGA, NY 14206 |
| Phone: | (716) 897-2383 |
| Fax: | (716) 897-2385 |
| Website: | https://bufconfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,535 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 845 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,882,062 |
| CEO/Manager: | Daniel D DeWald |
| Chairperson: | Jeffrey R Zientara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,993,044 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,002,713 |
| Unsecured Loans | 2,151,611 |
| Other Loans | 17,746,914 |
| TOTAL LOANS | 42,901,238 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -308,545 |
| Land And Building | 356,248 |
| Other Fixed Assets | 107,368 |
| NCUSIF Deposit | 418,025 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,882,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,056 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 200,004 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,437,510 |
| Regular shares | 33,219,424 |
| All Other Shares & Deposits | 4,742,190 |
| TOTAL SHARES & DEPOSITS | 41,399,124 |
| TOTAL LIABILITIES | 41,605,184 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,276,878 |
| TOTAL EQUITY | 11,276,878 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,882,062 |
| INCOME & EXPENSE | |
| Loan Income | 1,638,988 |
| Investment Income | 383,131 |
| Other Income | 46,227 |
| Total Employee Compensation & Benefits | 538,959 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 444,836 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,247 |
| Cost of Funds | 258,111 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 882,785 |
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