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GENESEE CO-OP FEDERAL CREDIT UNION

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
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
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

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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