Dec, 31, 2023 — CFCU COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ITHACA, NY with 14 branch locations and about $1.45 billion in total assets. Opened 71 years ago in 1953, CFCU COMMUNITY CREDIT UNION has about 80,057 members and employs 229 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CFCU COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1030 Craft Rd ITHACA, NY 14850 |
| Phone: | (607) 257-8500 |
| Fax: | (607) 257-8217 |
| Website: | https://www.mycfcu.com |
| Branches: | 14 branch locations |
| Members: | 80,057 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68322 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,453,307,860 |
| CEO/Manager: | Lisa L Whitaker |
| Chairperson: | Amy L Wood Gonzalez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 136,704,258 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 381,000 |
| Real Estate Loans | 659,616,533 |
| Unsecured Loans | 46,798,413 |
| Other Loans | 338,734,179 |
| TOTAL LOANS | 1,051,141,770 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,786,907 |
| Land And Building | 4,620,219 |
| Other Fixed Assets | 9,738,348 |
| NCUSIF Deposit | 11,116,210 |
| All Other Assets | 223,984 |
| TOTAL ASSETS | 1,453,307,860 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,843 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,612,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 359,444,331 |
| Regular shares | 450,508,619 |
| All Other Shares & Deposits | 438,140,760 |
| TOTAL SHARES & DEPOSITS | 1,248,093,710 |
| TOTAL LIABILITIES | 1,279,714,849 |
| Regular Reserve | 0 |
| Other Reserves | -6,583,055 |
| Undivided Earnings | 180,176,066 |
| TOTAL EQUITY | 173,593,011 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,453,307,860 |
| INCOME & EXPENSE | |
| Loan Income | 47,647,902 |
| Investment Income | 7,461,280 |
| Other Income | 10,715,412 |
| Total Employee Compensation & Benefits | 25,561,047 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,975,796 |
| Non-operating Income & (Expense) | -909,928 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,847,530 |
| Cost of Funds | 9,389,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,376,164 |
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