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.
Name: | ROCHESTER AREA STATE EMPLOYEES FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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