Dec, 31, 2023 — CANANDAIGUA FEDERAL CREDIT UNION is a federal credit union headquartered in CANANDAIGUA, NY with 1 branch location and about $30.00 million in total assets. Opened 60 years ago in 1964, CANANDAIGUA FEDERAL CREDIT UNION has about 2,165 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANANDAIGUA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3210 Eastern Blvd CANANDAIGUA, NY 14424 |
| Phone: | (585) 394-2436 |
| Fax: | (585) 394-2837 |
| Website: | https://www.canandaiguafcu.com |
| Branches: | 1 branch locations |
| Members: | 2,165 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16176 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,004,777 |
| CEO/Manager: | Barry W Stilwell |
| Chairperson: | Sam DeSalvo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,755,634 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,443,963 |
| Unsecured Loans | 2,520,693 |
| Other Loans | 5,880,528 |
| TOTAL LOANS | 11,845,186 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,773 |
| Land And Building | 217,363 |
| Other Fixed Assets | 20,844 |
| NCUSIF Deposit | 253,921 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,004,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,040 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,211,257 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,050,854 |
| Regular shares | 13,805,586 |
| All Other Shares & Deposits | 6,874,130 |
| TOTAL SHARES & DEPOSITS | 25,730,573 |
| TOTAL LIABILITIES | 26,957,870 |
| Regular Reserve | 0 |
| Other Reserves | 558,625 |
| Undivided Earnings | 2,488,282 |
| TOTAL EQUITY | 3,046,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,004,777 |
| INCOME & EXPENSE | |
| Loan Income | 594,528 |
| Investment Income | 262,083 |
| Other Income | 125,136 |
| Total Employee Compensation & Benefits | 377,495 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 510,062 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 65,732 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,712 |
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