Dec, 31, 2023 — BYKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $2.03 million in total assets. Opened 54 years ago in 1970, BYKOTA FEDERAL CREDIT UNION has about 950 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BYKOTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 457 Grand Ave BROOKLYN, NY 11238 |
Phone: | (718) 783-3630 |
Fax: | (718) 789-3138 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 950 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20419 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,034,169 |
CEO/Manager: | Aston Forrest |
Chairperson: | ANDREW VAUGHN |
ASSETS: | $ Amount |
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Cash & Equivalents | 471,147 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 438,505 |
Other Loans | 0 |
TOTAL LOANS | 438,505 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,965 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 21,241 |
All Other Assets | 0 |
TOTAL ASSETS | 2,034,169 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,892,552 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,892,552 |
TOTAL LIABILITIES | 1,892,552 |
Regular Reserve | 0 |
Other Reserves | 25,122 |
Undivided Earnings | 116,495 |
TOTAL EQUITY | 141,617 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,034,169 |
INCOME & EXPENSE | |
Loan Income | 39,980 |
Investment Income | 29,088 |
Other Income | 895 |
Total Employee Compensation & Benefits | 11,434 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,526 |
Non-operating Income & (Expense) | 232 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 0 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,096 |
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