BUFFALO COOPERATIVE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.coopcreditunion.com for more information.
Dec, 31, 2023 — BUFFALO COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in Buffalo, NY with 1 branch location and about $8.01 million in total assets. Opened 45 years ago in 1979, BUFFALO COOPERATIVE FEDERAL CREDIT UNION has about 1,426 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: | BUFFALO COOPERATIVE FEDERAL CREDIT UNION |
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Address: (Main Office) | 251 Grant Street Buffalo, NY 14213 |
Phone: | (716) 881-3767 |
Fax: | (716) 881-2148 |
Website: | https://www.coopcreditunion.com |
Branches: | 1 branch locations |
Members: | 1,426 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23495 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Mar 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,006,207 |
CEO/Manager: | John R Muldoon |
Chairperson: | Daniel Webster |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,048,880 |
TOTAL INVESTMENTS | 415,990 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,331,648 |
Unsecured Loans | 548,345 |
Other Loans | 1,849,551 |
TOTAL LOANS | 4,729,544 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,640 |
Land And Building | 733,515 |
Other Fixed Assets | 8,119 |
NCUSIF Deposit | 66,966 |
All Other Assets | 63,833 |
TOTAL ASSETS | 8,006,207 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 47 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,570 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,936,362 |
Regular shares | 4,480,069 |
All Other Shares & Deposits | 233,939 |
TOTAL SHARES & DEPOSITS | 7,650,370 |
TOTAL LIABILITIES | 7,659,987 |
Regular Reserve | 129,792 |
Other Reserves | 0 |
Undivided Earnings | 216,428 |
TOTAL EQUITY | 346,220 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,006,207 |
INCOME & EXPENSE | |
Loan Income | 132,880 |
Investment Income | 5,547 |
Other Income | 50,946 |
Total Employee Compensation & Benefits | 105,558 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 83,749 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,124 |
Cost of Funds | 7,783 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -21,841 |
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