Dec, 31, 2023 — KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $62.80 million in total assets. Opened 89 years ago in 1935, KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION has about 3,767 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KENMORE N. Y. TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2265 Sheridan Dr BUFFALO, NY 14223-1531 |
Phone: | (716) 877-1630 |
Fax: | (716) 877-6456 |
Website: | https://kenteachfcu.com |
Branches: | 1 branch locations |
Members: | 3,767 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 858 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $62,802,063 |
CEO/Manager: | Cheryl L Scott |
Chairperson: | Richard A Duquin |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,733,834 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,852,952 |
Unsecured Loans | 2,329,172 |
Other Loans | 5,891,317 |
TOTAL LOANS | 28,073,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,904 |
Land And Building | 1,640,053 |
Other Fixed Assets | 36,356 |
NCUSIF Deposit | 595,623 |
All Other Assets | 0 |
TOTAL ASSETS | 62,802,063 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 347,903 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,580,365 |
Regular shares | 40,082,220 |
All Other Shares & Deposits | 6,375,418 |
TOTAL SHARES & DEPOSITS | 57,038,003 |
TOTAL LIABILITIES | 57,385,906 |
Regular Reserve | 0 |
Other Reserves | 302,500 |
Undivided Earnings | 5,113,657 |
TOTAL EQUITY | 5,416,157 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,802,063 |
INCOME & EXPENSE | |
Loan Income | 1,134,106 |
Investment Income | 826,070 |
Other Income | 95,665 |
Total Employee Compensation & Benefits | 578,942 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 602,161 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
Cost of Funds | 315,053 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 558,853 |
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