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COXSACKIE CORRECTIONAL EMP. FEDERAL CREDIT UNION

Dec, 31, 2023 — COXSACKIE CORRECTIONAL EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in COXSACKIE, NY with 1 branch location and about $4.28 million in total assets. Opened 89 years ago in 1935, COXSACKIE CORRECTIONAL EMP. FEDERAL CREDIT UNION has about 616 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COXSACKIE CORRECTIONAL EMP. FEDERAL CREDIT UNION
Address:
(Main Office)
11260 State Route 9W
COXSACKIE, NY 12051
Phone:(518) 731-6004
Fax:(518) 731-8830
Website:n/a
Branches:1 branch locations
Members:616
Credit Union Type:Federal Credit Union
Charter Number:888
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$4,276,394
CEO/Manager:VIRGINIA A MAGEE
Chairperson:RICHARD P ZADLO

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,329,292
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 699,801
 Other Loans 2,055,566
 TOTAL LOANS 2,755,367
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -53,113
 Land And Building 0
 Other Fixed Assets 5,325
 NCUSIF Deposit 31,623
 All Other Assets 0
  TOTAL ASSETS 4,276,394
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,231
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 447,574
 Regular shares 2,327,634
 All Other Shares & Deposits 290,100
  TOTAL SHARES & DEPOSITS 3,065,308
  TOTAL LIABILITIES 3,075,539
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,200,855
  TOTAL EQUITY 1,200,855
  TOTAL LIABILITIES, SHARES, & EQUITY 4,276,394
INCOME & EXPENSE  
 Loan Income 157,754
 Investment Income 60,774
 Other Income 0
 Total Employee Compensation & Benefits 47,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 67,603
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 97,200
 Cost of Funds 5,820
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,410
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