Dec, 31, 2023 — DIVISION 726 FEDERAL CREDIT UNION is a federal credit union headquartered in STATEN ISLAND, NY with 1 branch location and about $10.97 million in total assets. Opened 54 years ago in 1970, DIVISION 726 FEDERAL CREDIT UNION has about 2,524 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DIVISION 726 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4886 ARTHUR KILL RD STATEN ISLAND, NY 10309 |
| Phone: | (718) 356-1616 |
| Fax: | (718) 948-4233 |
| Website: | https://div726fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,524 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20336 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,974,548 |
| CEO/Manager: | JAMES F SUGRUE |
| Chairperson: | ANTHONY BENANTI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 576,288 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,062,589 |
| Other Loans | 3,807,114 |
| TOTAL LOANS | 6,869,703 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,685 |
| Land And Building | 146,445 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 93,885 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,974,548 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 331 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 339,462 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 535,134 |
| Regular shares | 5,654,655 |
| All Other Shares & Deposits | 2,817,614 |
| TOTAL SHARES & DEPOSITS | 9,007,403 |
| TOTAL LIABILITIES | 9,347,196 |
| Regular Reserve | 0 |
| Other Reserves | 246,775 |
| Undivided Earnings | 1,380,577 |
| TOTAL EQUITY | 1,627,352 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,974,548 |
| INCOME & EXPENSE | |
| Loan Income | 546,809 |
| Investment Income | 106,385 |
| Other Income | 91,418 |
| Total Employee Compensation & Benefits | 286,290 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 246,382 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,860 |
| Cost of Funds | 148,706 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -52,405 |
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