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National Credit Union Service Organization

ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 1 branch location and about $17.35 million in total assets. Opened 89 years ago in 1935, ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION has about 1,578 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.


ABA Routing Number: 222382153
Name:ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2300 Buffalo Rd Bldg 400B
ROCHESTER, NY 14624-1366
Phone:(585) 272-0020
Fax:(585) 272-0022
Website:https://rasefcu.org
Branches:1 branch locations
Members:1,578
Credit Union Type:Federal Credit Union
Charter Number:680
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$17,348,214
CEO/Manager:Carl R Byers
Chairperson:Herbert Skerker

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 738,580
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,989,367
 Unsecured Loans 1,195,850
 Other Loans 5,653,152
 TOTAL LOANS 8,838,369
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,684
 Land And Building 0
 Other Fixed Assets 15
 NCUSIF Deposit 142,848
 All Other Assets 0
  TOTAL ASSETS 17,348,214
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -14,147
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,246,743
 Regular shares 7,458,720
 All Other Shares & Deposits 5,784,674
  TOTAL SHARES & DEPOSITS 15,490,137
  TOTAL LIABILITIES 15,475,990
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,872,224
  TOTAL EQUITY 1,872,224
  TOTAL LIABILITIES, SHARES, & EQUITY 17,348,214
INCOME & EXPENSE  
 Loan Income 396,652
 Investment Income 143,538
 Other Income 26,787
 Total Employee Compensation & Benefits 174,724
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 239,327
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,005
 Cost of Funds 63,896
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 58,972
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