Dec, 31, 2023 — NASSAU FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 6 branch locations and about $342.50 million in total assets. Opened 88 years ago in 1936, NASSAU FINANCIAL FEDERAL CREDIT UNION has about 15,801 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NASSAU FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 2575 Hempstead Tpke EAST MEADOW, NY 11554-2156 |
Phone: | (516) 742-4900 |
Fax: | (516) 796-4901 |
Website: | https://www.nassaufinancial.org |
Branches: | 6 branch locations |
Members: | 15,801 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1404 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $342,503,830 |
CEO/Manager: | John T DeCelle |
Chairperson: | Everett Boccafola |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,343,296 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 148,190,504 |
Unsecured Loans | 17,307,836 |
Other Loans | 34,552,264 |
TOTAL LOANS | 200,050,604 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,214,479 |
Land And Building | 5,612,569 |
Other Fixed Assets | 11,831,877 |
NCUSIF Deposit | 3,301,554 |
All Other Assets | 1,048,239 |
TOTAL ASSETS | 342,503,830 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 3,000,000 |
Accounts Payable & Other Liabilities | 4,216,289 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 62,135,075 |
Regular shares | 110,588,412 |
All Other Shares & Deposits | 154,706,865 |
TOTAL SHARES & DEPOSITS | 327,430,352 |
TOTAL LIABILITIES | 334,646,641 |
Regular Reserve | 0 |
Other Reserves | -12,432,231 |
Undivided Earnings | 20,289,420 |
TOTAL EQUITY | 7,857,189 |
TOTAL LIABILITIES, SHARES, & EQUITY | 342,503,830 |
INCOME & EXPENSE | |
Loan Income | 9,916,259 |
Investment Income | 2,459,262 |
Other Income | 2,123,718 |
Total Employee Compensation & Benefits | 5,604,668 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,982,433 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,858,919 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 756,967 |
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