Dec, 31, 2023 — FINANCIAL TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 6 branch locations and about $167.00 million in total assets. Opened 74 years ago in 1950, FINANCIAL TRUST FEDERAL CREDIT UNION has about 13,586 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3333 Harlem Rd CHEEKTOWAGA, NY 14225 |
| Phone: | (716) 831-3007 |
| Fax: | (716) 831-0669 |
| Website: | n/a |
| Branches: | 6 branch locations |
| Members: | 13,586 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6870 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $166,998,862 |
| CEO/Manager: | John Morrison |
| Chairperson: | Timothy Oldenburg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,381,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,764,635 |
| Unsecured Loans | 5,364,054 |
| Other Loans | 47,692,526 |
| TOTAL LOANS | 90,821,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,954 |
| Land And Building | 1,934,667 |
| Other Fixed Assets | 186,539 |
| NCUSIF Deposit | 1,443,526 |
| All Other Assets | 0 |
| TOTAL ASSETS | 166,998,862 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 765,396 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,512,219 |
| Regular shares | 85,615,342 |
| All Other Shares & Deposits | 33,815,924 |
| TOTAL SHARES & DEPOSITS | 142,943,485 |
| TOTAL LIABILITIES | 143,708,881 |
| Regular Reserve | 0 |
| Other Reserves | 6,917,160 |
| Undivided Earnings | 16,372,821 |
| TOTAL EQUITY | 23,289,981 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,998,862 |
| INCOME & EXPENSE | |
| Loan Income | 4,096,027 |
| Investment Income | 1,648,806 |
| Other Income | 678,981 |
| Total Employee Compensation & Benefits | 2,093,522 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,781,190 |
| 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 | 696,180 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,622,412 |
| ↑ Back to Top | |