NORTHERN CHAUTAUQUA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ncfedcu.com for more information.
Dec, 31, 2023 — NORTHERN CHAUTAUQUA FEDERAL CREDIT UNION is a federal credit union headquartered in SILVER CREEK, NY with 1 branch location and about $4.02 million in total assets. Opened 55 years ago in 1969, NORTHERN CHAUTAUQUA FEDERAL CREDIT UNION has about 577 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: | NORTHERN CHAUTAUQUA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 232 CENTRAL AVE. SILVER CREEK, NY 14136 |
| Phone: | (716) 934-3111 |
| Fax: | (716) 934-3685 |
| Website: | https://www.ncfedcu.com |
| Branches: | 1 branch locations |
| Members: | 577 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19774 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,018,884 |
| CEO/Manager: | EDWARD C GALLIVAN |
| Chairperson: | Michael Murphy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 241,896 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 457,277 |
| Unsecured Loans | 696,538 |
| Other Loans | 1,143,504 |
| TOTAL LOANS | 2,297,319 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,963 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 37,427 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,018,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 469 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,289 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,651,394 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,651,394 |
| TOTAL LIABILITIES | 3,655,152 |
| Regular Reserve | 0 |
| Other Reserves | 53,073 |
| Undivided Earnings | 310,659 |
| TOTAL EQUITY | 363,732 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,018,884 |
| INCOME & EXPENSE | |
| Loan Income | 55,149 |
| Investment Income | 7,045 |
| Other Income | 9,373 |
| Total Employee Compensation & Benefits | 60,196 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,056 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,414 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,099 |
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