Dec, 31, 2023 — DANNEMORA FEDERAL CREDIT UNION is a federal credit union headquartered in PLATTSBURGH, NY with 5 branch locations and about $302.12 million in total assets. Opened 66 years ago in 1958, DANNEMORA FEDERAL CREDIT UNION has about 21,698 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DANNEMORA FEDERAL CREDIT UNION |
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Address: (Main Office) | 342 Tom Miller Rd PLATTSBURGH, NY 12901 |
Phone: | (518) 825-0323 |
Fax: | |
Website: | https://dfcu.net |
Branches: | 5 branch locations |
Members: | 21,698 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12473 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $302,120,901 |
CEO/Manager: | Christopher J Hay |
Chairperson: | Philip H Maynard Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,971,741 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 102,662,268 |
Unsecured Loans | 10,278,704 |
Other Loans | 91,076,587 |
TOTAL LOANS | 204,017,559 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -814,421 |
Land And Building | 4,437,273 |
Other Fixed Assets | 203,735 |
NCUSIF Deposit | 2,426,830 |
All Other Assets | 0 |
TOTAL ASSETS | 302,120,901 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,987 |
Notes & Interest Payable | 24,200,000 |
Accounts Payable & Other Liabilities | 1,630,891 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 64,688,953 |
Regular shares | 133,731,615 |
All Other Shares & Deposits | 50,565,345 |
TOTAL SHARES & DEPOSITS | 248,985,913 |
TOTAL LIABILITIES | 274,820,475 |
Regular Reserve | 0 |
Other Reserves | -9,374,429 |
Undivided Earnings | 36,674,855 |
TOTAL EQUITY | 27,300,426 |
TOTAL LIABILITIES, SHARES, & EQUITY | 302,120,901 |
INCOME & EXPENSE | |
Loan Income | 9,537,729 |
Investment Income | 2,340,840 |
Other Income | 914,330 |
Total Employee Compensation & Benefits | 3,445,568 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,686,906 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,684 |
Cost of Funds | 2,245,015 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,293,021 |
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