Dec, 31, 2023 — NIAGARA REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH TONAWANDA, NY with 2 branch locations and about $38.07 million in total assets. Opened 85 years ago in 1939, NIAGARA REGIONAL FEDERAL CREDIT UNION has about 2,481 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: | NIAGARA REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1285 Erie Ave NORTH TONAWANDA, NY 14120 |
| Phone: | (716) 694-7344 |
| Fax: | (716) 694-6066 |
| Website: | https://www.niagararegionalfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,481 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3285 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,074,795 |
| CEO/Manager: | Brenda L Michalowski |
| Chairperson: | Thomas Eberwein |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,368,763 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,849,578 |
| Unsecured Loans | 1,781,617 |
| Other Loans | 7,994,421 |
| TOTAL LOANS | 23,625,616 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,682 |
| Land And Building | 607,308 |
| Other Fixed Assets | 45,656 |
| NCUSIF Deposit | 363,691 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,074,795 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,694 |
| Notes & Interest Payable | 1,500,000 |
| Accounts Payable & Other Liabilities | 443,027 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,058,453 |
| Regular shares | 19,716,757 |
| All Other Shares & Deposits | 3,626,461 |
| TOTAL SHARES & DEPOSITS | 33,401,671 |
| TOTAL LIABILITIES | 35,354,392 |
| Regular Reserve | 0 |
| Other Reserves | 306,748 |
| Undivided Earnings | 2,413,655 |
| TOTAL EQUITY | 2,720,403 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,074,795 |
| INCOME & EXPENSE | |
| Loan Income | 978,241 |
| Investment Income | 324,014 |
| Other Income | 143,480 |
| Total Employee Compensation & Benefits | 509,631 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 848,438 |
| Non-operating Income & (Expense) | 171,291 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,219 |
| Cost of Funds | 89,163 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 67,575 |
| ↑ Back to Top | |