Dec, 31, 2023 — REMINGTON FEDERAL CREDIT UNION is a federal credit union headquartered in ILION, NY with 1 branch location and about $54.60 million in total assets. Opened 87 years ago in 1937, REMINGTON FEDERAL CREDIT UNION has about 3,828 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REMINGTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 39 Central Plz ILION, NY 13357 |
| Phone: | (315) 894-9924 |
| Fax: | (315) 894-9926 |
| Website: | https://remingtonfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,828 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2008 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,604,907 |
| CEO/Manager: | Tracey Davenport |
| Chairperson: | James Conover |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,276,105 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,345,457 |
| Unsecured Loans | 2,087,183 |
| Other Loans | 15,238,558 |
| TOTAL LOANS | 20,671,198 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -268,395 |
| Land And Building | 0 |
| Other Fixed Assets | 58,356 |
| NCUSIF Deposit | 477,137 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,604,907 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 406,448 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,428,970 |
| Regular shares | 27,517,413 |
| All Other Shares & Deposits | 9,854,952 |
| TOTAL SHARES & DEPOSITS | 46,801,335 |
| TOTAL LIABILITIES | 47,207,783 |
| Regular Reserve | 0 |
| Other Reserves | 831,647 |
| Undivided Earnings | 6,565,477 |
| TOTAL EQUITY | 7,397,124 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,604,907 |
| INCOME & EXPENSE | |
| Loan Income | 936,393 |
| Investment Income | 617,086 |
| Other Income | 190,586 |
| Total Employee Compensation & Benefits | 662,523 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 765,618 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,904 |
| Cost of Funds | 220,985 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 301,915 |
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