Dec, 31, 2023 — NIAGARA-WHEATFIELD FEDERAL CREDIT UNION is a federal credit union headquartered in SANBORN, NY with 1 branch location and about $23.09 million in total assets. Opened 64 years ago in 1960, NIAGARA-WHEATFIELD FEDERAL CREDIT UNION has about 1,851 members and employs 3 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-WHEATFIELD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2346 SAUNDERS SETTLEMENT RD SANBORN, NY 14132 |
| Phone: | (716) 731-2632 |
| Fax: | (716) 731-7022 |
| Website: | https://www.nwfcuanytime.com |
| Branches: | 1 branch locations |
| Members: | 1,851 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14040 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,087,907 |
| CEO/Manager: | GREGORY S HUGHES |
| Chairperson: | LEE BRUSINO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,505,121 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,135,140 |
| Unsecured Loans | 1,343,648 |
| Other Loans | 5,280,504 |
| TOTAL LOANS | 10,759,292 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,134 |
| Land And Building | 33,398 |
| Other Fixed Assets | 52,664 |
| NCUSIF Deposit | 199,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,087,907 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,888,205 |
| Accounts Payable & Other Liabilities | 8,817 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,792,057 |
| Regular shares | 15,434,283 |
| All Other Shares & Deposits | 152,792 |
| TOTAL SHARES & DEPOSITS | 19,379,133 |
| TOTAL LIABILITIES | 21,276,155 |
| Regular Reserve | 0 |
| Other Reserves | 275,487 |
| Undivided Earnings | 1,536,265 |
| TOTAL EQUITY | 1,811,752 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,087,907 |
| INCOME & EXPENSE | |
| Loan Income | 356,943 |
| Investment Income | 232,506 |
| Other Income | 19,640 |
| Total Employee Compensation & Benefits | 263,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,076 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 40,320 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 128,866 |
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