Dec, 31, 2023 — ESL FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 24 branch locations and about $9.26 billion in total assets. Opened 29 years ago in 1995, ESL FEDERAL CREDIT UNION has about 429,779 members and employs 937 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ESL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 Chestnut St ROCHESTER, NY 14604 |
| Phone: | (585) 336-1000 |
| Fax: | |
| Website: | https://www.esl.org/ |
| Branches: | 24 branch locations |
| Members: | 429,779 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24563 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1995 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,255,022,599 |
| CEO/Manager: | Faheem Masood |
| Chairperson: | Diana L Nole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 98,126,211 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,442,503 |
| Real Estate Loans | 1,934,801,470 |
| Unsecured Loans | 300,890,015 |
| Other Loans | 1,546,620,805 |
| TOTAL LOANS | 3,782,327,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,754,015 |
| Land And Building | 66,670,847 |
| Other Fixed Assets | 65,939,781 |
| NCUSIF Deposit | 50,079,579 |
| All Other Assets | 2,961,668 |
| TOTAL ASSETS | 9,255,022,599 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,035,185 |
| Notes & Interest Payable | 2,392,707,063 |
| Accounts Payable & Other Liabilities | 163,277,055 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 736,255,741 |
| Regular shares | 2,606,477,884 |
| All Other Shares & Deposits | 2,244,365,872 |
| TOTAL SHARES & DEPOSITS | 5,587,099,497 |
| TOTAL LIABILITIES | 8,173,291,405 |
| Regular Reserve | 0 |
| Other Reserves | -437,882,235 |
| Undivided Earnings | 1,519,613,429 |
| TOTAL EQUITY | 1,081,731,194 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,255,022,599 |
| INCOME & EXPENSE | |
| Loan Income | 217,533,376 |
| Investment Income | 172,391,954 |
| Other Income | 9,395,471 |
| Total Employee Compensation & Benefits | 114,454,171 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 116,004,670 |
| Non-operating Income & (Expense) | -584,511 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,883,583 |
| Cost of Funds | 203,750,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,962,219 |
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