Dec, 31, 2023 — MARYVALE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $10.38 million in total assets. Opened 67 years ago in 1957, MARYVALE SCHOOLS FEDERAL CREDIT UNION has about 927 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARYVALE SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1050 Maryvale Dr CHEEKTOWAGA, NY 14225 |
| Phone: | (716) 633-8750 |
| Fax: | (716) 633-4973 |
| Website: | https://maryvaleschoolsfcu.com |
| Branches: | 1 branch locations |
| Members: | 927 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11550 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,376,023 |
| CEO/Manager: | Sarah A Bruso |
| Chairperson: | Robert Przepiora |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,647,150 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,285,231 |
| Unsecured Loans | 522,809 |
| Other Loans | 2,107,591 |
| TOTAL LOANS | 3,915,632 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,210 |
| Land And Building | 0 |
| Other Fixed Assets | 4,506 |
| NCUSIF Deposit | 86,470 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,376,023 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -3,224 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,175,198 |
| Regular shares | 6,914,634 |
| All Other Shares & Deposits | 499,493 |
| TOTAL SHARES & DEPOSITS | 8,589,325 |
| TOTAL LIABILITIES | 8,586,101 |
| Regular Reserve | 0 |
| Other Reserves | 102,594 |
| Undivided Earnings | 1,687,328 |
| TOTAL EQUITY | 1,789,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,376,023 |
| INCOME & EXPENSE | |
| Loan Income | 151,881 |
| Investment Income | 106,861 |
| Other Income | 4,829 |
| Total Employee Compensation & Benefits | 74,283 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 88,374 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,000 |
| Cost of Funds | 11,508 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 97,406 |
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