Dec, 31, 2023 — GENESEE CO-OP FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 1 branch location and about $39.83 million in total assets. Opened 43 years ago in 1981, GENESEE CO-OP FEDERAL CREDIT UNION has about 4,079 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GENESEE CO-OP FEDERAL CREDIT UNION |
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Address: (Main Office) | 395 GREGORY ST ROCHESTER, NY 14620 |
Phone: | (585) 461-2230 |
Fax: | (585) 461-3189 |
Website: | https://www.genesee.coop |
Branches: | 1 branch locations |
Members: | 4,079 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23848 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $39,825,724 |
CEO/Manager: | MELISSA MARQUEZ |
Chairperson: | MICHAEL WALKER |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,351,644 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,765,477 |
Unsecured Loans | 782,072 |
Other Loans | 6,327,055 |
TOTAL LOANS | 22,874,604 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,682 |
Land And Building | 1,436,544 |
Other Fixed Assets | 46,317 |
NCUSIF Deposit | 284,908 |
All Other Assets | 0 |
TOTAL ASSETS | 39,825,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,533 |
Notes & Interest Payable | 120,000 |
Accounts Payable & Other Liabilities | 539,464 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,180,000 |
Share Drafts | 9,842,908 |
Regular shares | 17,286,547 |
All Other Shares & Deposits | 1,753,333 |
TOTAL SHARES & DEPOSITS | 28,882,787 |
TOTAL LIABILITIES | 31,724,784 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,100,940 |
TOTAL EQUITY | 8,100,940 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,825,724 |
INCOME & EXPENSE | |
Loan Income | 1,159,241 |
Investment Income | 417,175 |
Other Income | 135,894 |
Total Employee Compensation & Benefits | 759,870 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 799,127 |
Non-operating Income & (Expense) | 3,024,232 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 75,118 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,335,850 |
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