Dec, 31, 2023 — NIAGARA FALLS A F FEDERAL CREDIT UNION is a federal credit union headquartered in NIAGARA FALLS, NY with 0 branch location and about $20.43 million in total assets. Opened 69 years ago in 1955, NIAGARA FALLS A F FEDERAL CREDIT UNION has about 1,716 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NIAGARA FALLS A F FEDERAL CREDIT UNION |
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Address: (Main Office) | 2420 Olmstead St NIAGARA FALLS, NY 14304-5066 |
Phone: | (716) 297-4034 |
Fax: | (716) 297-1223 |
Website: | https://www.niagarafallsafcu.com |
Branches: | 0 branch locations |
Members: | 1,716 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10613 |
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Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,430,639 |
CEO/Manager: | Adrienne Mitchell |
Chairperson: | Brian A Waite |
ASSETS: | $ Amount |
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Cash & Equivalents | 978,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,102,977 |
Unsecured Loans | 1,110,836 |
Other Loans | 3,683,039 |
TOTAL LOANS | 8,896,852 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,806 |
Land And Building | 0 |
Other Fixed Assets | 32 |
NCUSIF Deposit | 182,469 |
All Other Assets | 0 |
TOTAL ASSETS | 20,430,639 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,917 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,946,240 |
Regular shares | 10,649,205 |
All Other Shares & Deposits | 4,504,963 |
TOTAL SHARES & DEPOSITS | 18,100,408 |
TOTAL LIABILITIES | 18,116,325 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,314,314 |
TOTAL EQUITY | 2,314,314 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,430,639 |
INCOME & EXPENSE | |
Loan Income | 429,762 |
Investment Income | 143,196 |
Other Income | 74,015 |
Total Employee Compensation & Benefits | 248,838 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 230,393 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,686 |
Cost of Funds | 136,219 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,837 |
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