Dec, 31, 2023 — ELEKTRA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $37.05 million in total assets. Opened 84 years ago in 1940, ELEKTRA FEDERAL CREDIT UNION has about 6,205 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELEKTRA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 124 W 30th St Rm 211 NEW YORK, NY 10001 |
| Phone: | (212) 868-7128 |
| Fax: | (212) 268-0875 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 6,205 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4127 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,048,120 |
| CEO/Manager: | Mark D Williams |
| Chairperson: | Ashley Hamilton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 553,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,539,560 |
| Other Loans | 317,072 |
| TOTAL LOANS | 2,856,632 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,210 |
| Land And Building | 0 |
| Other Fixed Assets | 2,567 |
| NCUSIF Deposit | 371,803 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,048,120 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,445 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,638 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 29,944,567 |
| All Other Shares & Deposits | 6,670 |
| TOTAL SHARES & DEPOSITS | 29,951,234 |
| TOTAL LIABILITIES | 29,972,317 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,075,803 |
| TOTAL EQUITY | 7,075,803 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,048,120 |
| INCOME & EXPENSE | |
| Loan Income | 263,378 |
| Investment Income | 664,522 |
| Other Income | 1,528 |
| Total Employee Compensation & Benefits | 450,766 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 293,908 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,000 |
| Cost of Funds | 82,893 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,769 |
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