Dec, 31, 2023 — O AND R UTILITIES EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE, NY with 1 branch location and about $26.50 million in total assets. Opened 44 years ago in 1980, O AND R UTILITIES EMPLOYEES FEDERAL CREDIT UNION has about 1,756 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | O AND R UTILITIES EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14 Talmadge Ct MONROE, NY 10950-1526 |
| Phone: | (845) 774-0831 |
| Fax: | (845) 774-0835 |
| Website: | https://www.orutilfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,756 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23700 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,503,975 |
| CEO/Manager: | Mitchell DeCoeur |
| Chairperson: | Armando Colarieti Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,491,136 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,462,749 |
| Unsecured Loans | 3,011,531 |
| Other Loans | 9,942,464 |
| TOTAL LOANS | 23,416,744 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,210 |
| Land And Building | 0 |
| Other Fixed Assets | 2,515 |
| NCUSIF Deposit | 188,799 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,503,975 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,949 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,644,677 |
| Regular shares | 6,360,119 |
| All Other Shares & Deposits | 14,251,503 |
| TOTAL SHARES & DEPOSITS | 23,256,299 |
| TOTAL LIABILITIES | 23,351,248 |
| Regular Reserve | 0 |
| Other Reserves | 503,308 |
| Undivided Earnings | 2,649,419 |
| TOTAL EQUITY | 3,152,727 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,503,975 |
| INCOME & EXPENSE | |
| Loan Income | 1,182,763 |
| Investment Income | 138,400 |
| Other Income | 42,967 |
| Total Employee Compensation & Benefits | 406,709 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 348,899 |
| Non-operating Income & (Expense) | 1,768 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,722 |
| Cost of Funds | 375,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 230,060 |
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