Dec, 31, 2023 — IRS BUFFALO FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 2 branch locations and about $5.78 million in total assets. Opened 67 years ago in 1957, IRS BUFFALO FEDERAL CREDIT UNION has about 783 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: | IRS BUFFALO FEDERAL CREDIT UNION |
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Address: (Main Office) | 130 S Elmwood Ave BUFFALO, NY 14202-2465 |
Phone: | (716) 854-3714 |
Fax: | (716) 854-3108 |
Website: | https://www.irsbflofcu.org |
Branches: | 2 branch locations |
Members: | 783 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11524 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,776,955 |
CEO/Manager: | Lori Makowski |
Chairperson: | Barbara Kalinowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 526,655 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 992,303 |
Unsecured Loans | 755,691 |
Other Loans | 3,386,205 |
TOTAL LOANS | 5,134,199 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,061 |
Land And Building | 0 |
Other Fixed Assets | 3,434 |
NCUSIF Deposit | 56,262 |
All Other Assets | 0 |
TOTAL ASSETS | 5,776,955 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 24,326 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 915,405 |
Regular shares | 3,765,843 |
All Other Shares & Deposits | 810,597 |
TOTAL SHARES & DEPOSITS | 5,491,845 |
TOTAL LIABILITIES | 5,516,171 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 260,784 |
TOTAL EQUITY | 260,784 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,776,955 |
INCOME & EXPENSE | |
Loan Income | 266,426 |
Investment Income | 29,692 |
Other Income | 37,450 |
Total Employee Compensation & Benefits | 117,737 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 141,894 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 144,831 |
Cost of Funds | 23,559 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -71,803 |
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