Dec, 31, 2023 — CONSUMERS FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 1 branch location and about $96.31 million in total assets. Opened 59 years ago in 1965, CONSUMERS FEDERAL CREDIT UNION has about 3,895 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONSUMERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 425 Neptune Ave BROOKLYN, NY 11224-4559 |
| Phone: | (718) 266-2204 |
| Fax: | (718) 266-1976 |
| Website: | https://consumersfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,895 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16951 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $96,305,843 |
| CEO/Manager: | Stephen Jacoby |
| Chairperson: | Marvin Bader |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,009,036 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,142,157 |
| Unsecured Loans | 5,695,771 |
| Other Loans | 10,032,330 |
| TOTAL LOANS | 82,870,258 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -321,856 |
| Land And Building | 1,293,036 |
| Other Fixed Assets | 453,340 |
| NCUSIF Deposit | 605,500 |
| All Other Assets | 0 |
| TOTAL ASSETS | 96,305,843 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 462,263 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 319,787 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,410,339 |
| Regular shares | 26,384,814 |
| All Other Shares & Deposits | 53,649,336 |
| TOTAL SHARES & DEPOSITS | 84,444,489 |
| TOTAL LIABILITIES | 85,226,539 |
| Regular Reserve | 0 |
| Other Reserves | 356,580 |
| Undivided Earnings | 10,722,724 |
| TOTAL EQUITY | 11,079,304 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,305,843 |
| INCOME & EXPENSE | |
| Loan Income | 3,860,579 |
| Investment Income | 162,544 |
| Other Income | 308,818 |
| Total Employee Compensation & Benefits | 1,579,041 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,033,841 |
| Non-operating Income & (Expense) | 213,669 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,830 |
| Cost of Funds | 1,734,482 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,177 |
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