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FAR ROCKAWAY POSTAL FEDERAL CREDIT UNION

Dec, 31, 2023 — FAR ROCKAWAY POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in FAR ROCKAWAY, NY with 1 branch location and about $309,102 in total assets. Opened 83 years ago in 1941, FAR ROCKAWAY POSTAL FEDERAL CREDIT UNION has about 69 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FAR ROCKAWAY POSTAL FEDERAL CREDIT UNION
Address:
(Main Office)
1836 Mott Ave
FAR ROCKAWAY, NY 11691-4206
Phone:(516) 850-0954
Fax:(516) 239-6381
Website:n/a
Branches:1 branch locations
Members:69
Credit Union Type:Federal Credit Union
Charter Number:4246
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$309,102
CEO/Manager:Bakari K Jones
Chairperson:Tinaka Hobson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 135,897
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 186,175
 Other Loans 0
 TOTAL LOANS 186,175
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,063
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 921
 All Other Assets 0
  TOTAL ASSETS 309,102
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 225,279
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 225,279
  TOTAL LIABILITIES 225,279
 Regular Reserve 0
 Other Reserves 37,033
 Undivided Earnings 46,790
  TOTAL EQUITY 83,823
  TOTAL LIABILITIES, SHARES, & EQUITY 309,102
INCOME & EXPENSE  
 Loan Income 23,219
 Investment Income 6,123
 Other Income 1,784
 Total Employee Compensation & Benefits 7,700
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 21,531
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,686
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 209
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