Dec, 31, 2023 — FASNY FEDERAL CREDIT UNION is a federal credit union headquartered in ALBANY, NY with 1 branch location and about $14.68 million in total assets. Opened 21 years ago in 2003, FASNY FEDERAL CREDIT UNION has about 1,063 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FASNY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 107 Washington Ave ALBANY, NY 12210-2231 |
| Phone: | (518) 434-3709 |
| Fax: | (518) 434-6218 |
| Website: | https://www.fasnycu.com |
| Branches: | 1 branch locations |
| Members: | 1,063 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24690 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 2003 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,677,998 |
| CEO/Manager: | Christina M Devaney |
| Chairperson: | Michael G Karashay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 419,248 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,284,229 |
| Unsecured Loans | 1,092,758 |
| Other Loans | 4,461,783 |
| TOTAL LOANS | 7,838,771 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,359 |
| Land And Building | 0 |
| Other Fixed Assets | 15,927 |
| NCUSIF Deposit | 107,808 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,677,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,871 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,900,868 |
| Regular shares | 6,783,335 |
| All Other Shares & Deposits | 2,110,455 |
| TOTAL SHARES & DEPOSITS | 12,794,658 |
| TOTAL LIABILITIES | 12,821,529 |
| Regular Reserve | 0 |
| Other Reserves | 5,000 |
| Undivided Earnings | 1,851,469 |
| TOTAL EQUITY | 1,856,469 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,677,998 |
| INCOME & EXPENSE | |
| Loan Income | 359,251 |
| Investment Income | 175,096 |
| Other Income | 17,286 |
| Total Employee Compensation & Benefits | 217,161 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 237,286 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,610 |
| Cost of Funds | 36,825 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 58,180 |
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