Dec, 31, 2023 — ERIE COUNTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BUFFALO, NY with 1 branch location and about $31.83 million in total assets. Opened 84 years ago in 1940, ERIE COUNTY EMPLOYEES CREDIT UNION has about 3,960 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ERIE COUNTY EMPLOYEES CREDIT UNION |
---|---|
Address: (Main Office) | 95 Franklin St BUFFALO, NY 14202-3927 |
Phone: | (716) 858-6245 |
Fax: | (716) 858-7602 |
Website: | https://www.eriecountycreditunion.net/ |
Branches: | 1 branch locations |
Members: | 3,960 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62923 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,831,950 |
CEO/Manager: | Kristy R Drew-Gabioud |
Chairperson: | Barbara Young |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 321,941 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,999,617 |
Unsecured Loans | 1,673,830 |
Other Loans | 7,807,395 |
TOTAL LOANS | 11,480,842 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,986 |
Land And Building | 0 |
Other Fixed Assets | 2,666 |
NCUSIF Deposit | 280,188 |
All Other Assets | 0 |
TOTAL ASSETS | 31,831,950 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,457 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 131,100 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,352,775 |
Regular shares | 22,698,279 |
All Other Shares & Deposits | 752,116 |
TOTAL SHARES & DEPOSITS | 27,803,170 |
TOTAL LIABILITIES | 27,956,727 |
Regular Reserve | 0 |
Other Reserves | 740,000 |
Undivided Earnings | 3,135,223 |
TOTAL EQUITY | 3,875,223 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,831,950 |
INCOME & EXPENSE | |
Loan Income | 437,041 |
Investment Income | 283,045 |
Other Income | 5,128 |
Total Employee Compensation & Benefits | 333,697 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 323,330 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 51,632 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 112,099 |
↑ Back to Top |