Dec, 31, 2023 — MONEY FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 1 branch location and about $48.64 million in total assets. Opened 48 years ago in 1976, MONEY FEDERAL CREDIT UNION has about 3,804 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: | MONEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 100 Madison St SYRACUSE, NY 13202 |
Phone: | (315) 671-4000 |
Fax: | (315) 671-4030 |
Website: | https://www.moneyfcu.org |
Branches: | 1 branch locations |
Members: | 3,804 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22566 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $48,640,285 |
CEO/Manager: | Linda Fitzgibbons |
Chairperson: | Jason Kaczor |
ASSETS: | $ Amount |
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Cash & Equivalents | 833,738 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,859,965 |
Unsecured Loans | 3,961,800 |
Other Loans | 8,678,098 |
TOTAL LOANS | 24,499,864 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,271 |
Land And Building | 0 |
Other Fixed Assets | 145,724 |
NCUSIF Deposit | 448,556 |
All Other Assets | 0 |
TOTAL ASSETS | 48,640,285 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 342,679 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,185,741 |
Regular shares | 14,946,682 |
All Other Shares & Deposits | 20,647,967 |
TOTAL SHARES & DEPOSITS | 44,780,390 |
TOTAL LIABILITIES | 45,123,069 |
Regular Reserve | 0 |
Other Reserves | -3,180,514 |
Undivided Earnings | 6,697,730 |
TOTAL EQUITY | 3,517,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 48,640,285 |
INCOME & EXPENSE | |
Loan Income | 1,256,496 |
Investment Income | 339,845 |
Other Income | 55,438 |
Total Employee Compensation & Benefits | 684,570 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 612,382 |
Non-operating Income & (Expense) | 18,076 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,641 |
Cost of Funds | 450,443 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 30,106 |
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