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COMMUNITY RESOURCE FEDERAL CREDIT UNION

Dec, 31, 2023 — COMMUNITY RESOURCE FEDERAL CREDIT UNION is a federal credit union headquartered in LATHAM, NY with 2 branch locations and about $113.90 million in total assets. Opened 89 years ago in 1935, COMMUNITY RESOURCE FEDERAL CREDIT UNION has about 6,653 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221373338
Name:COMMUNITY RESOURCE FEDERAL CREDIT UNION
Address:
(Main Office)
20 Wade Rd
LATHAM, NY 12110-3520
Phone:(518) 783-2211
Fax:(518) 783-2266
Website:https://www.communityresourcefcu.com
Branches:2 branch locations
Members:6,653
Credit Union Type:Federal Credit Union
Charter Number:770
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$113,898,637
CEO/Manager:Terry Langlois
Chairperson:Thomas H Ellis

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,897,450
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 34,826,193
 Unsecured Loans 7,139,552
 Other Loans 43,470,069
 TOTAL LOANS 85,435,814
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -408,726
 Land And Building 2,544,339
 Other Fixed Assets 186,480
 NCUSIF Deposit 930,043
 All Other Assets 8,500
  TOTAL ASSETS 113,898,637
LIABILITIES & CAPITAL:  
 Dividends Payable 6
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 353,014
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,955,923
 Regular shares 22,655,661
 All Other Shares & Deposits 65,344,189
  TOTAL SHARES & DEPOSITS 99,955,772
  TOTAL LIABILITIES 100,308,792
 Regular Reserve 0
 Other Reserves -259,477
 Undivided Earnings 13,849,322
  TOTAL EQUITY 13,589,845
  TOTAL LIABILITIES, SHARES, & EQUITY 113,898,637
INCOME & EXPENSE  
 Loan Income 4,133,007
 Investment Income 932,214
 Other Income 166,525
 Total Employee Compensation & Benefits 2,269,121
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,437,496
 Non-operating Income & (Expense) 9,320
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 54,163
 Cost of Funds 1,633,049
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 316,944
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