Dec, 31, 2023 — ROCHESTER & MONROE CO EMP FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 2 branch locations and about $25.98 million in total assets. Opened 89 years ago in 1935, ROCHESTER & MONROE CO EMP FEDERAL CREDIT UNION has about 3,157 members and employs 60 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 & MONROE CO EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 460 N Goodman St ROCHESTER, NY 14609-6135 |
| Phone: | (585) 546-4279 |
| Fax: | (585) 546-3745 |
| Website: | https://www.rocmon.org |
| Branches: | 2 branch locations |
| Members: | 3,157 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 817 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,976,381 |
| CEO/Manager: | Andrea Thune |
| Chairperson: | Brayton Connard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,146 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,517,169 |
| Unsecured Loans | 2,261,381 |
| Other Loans | 3,364,695 |
| TOTAL LOANS | 21,143,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -255,739 |
| Land And Building | 26,721 |
| Other Fixed Assets | 77,106 |
| NCUSIF Deposit | 237,363 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,976,381 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,542 |
| Notes & Interest Payable | 59,951 |
| Accounts Payable & Other Liabilities | 53,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,436,570 |
| Regular shares | 13,592,557 |
| All Other Shares & Deposits | 6,873,796 |
| TOTAL SHARES & DEPOSITS | 22,902,923 |
| TOTAL LIABILITIES | 23,035,279 |
| Regular Reserve | 0 |
| Other Reserves | 58,000 |
| Undivided Earnings | 2,883,102 |
| TOTAL EQUITY | 2,941,102 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,976,381 |
| INCOME & EXPENSE | |
| Loan Income | 1,025,009 |
| Investment Income | 100,702 |
| Other Income | 62,544 |
| Total Employee Compensation & Benefits | 436,719 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 581,845 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,688 |
| Cost of Funds | 91,226 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,884 |
| ↑ Back to Top | |