Dec, 31, 2023 — ROME FEDERAL CREDIT UNION is a federal credit union headquartered in ROME, NY with 1 branch location and about $26.31 million in total assets. Opened 88 years ago in 1936, ROME FEDERAL CREDIT UNION has about 1,926 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROME FEDERAL CREDIT UNION |
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Address: (Main Office) | 937 Seneca St ROME, NY 13440 |
Phone: | (315) 339-1658 |
Fax: | (315) 339-0304 |
Website: | https://romefcu.com |
Branches: | 1 branch locations |
Members: | 1,926 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1810 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,311,779 |
CEO/Manager: | Karen L Bailer |
Chairperson: | Susan Mendiola |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,773,156 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,321,337 |
Unsecured Loans | 2,293,490 |
Other Loans | 9,646,270 |
TOTAL LOANS | 16,261,097 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,891 |
Land And Building | 141,202 |
Other Fixed Assets | 45,423 |
NCUSIF Deposit | 213,929 |
All Other Assets | 17,676 |
TOTAL ASSETS | 26,311,779 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 98,431 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,231,153 |
Regular shares | 12,473,264 |
All Other Shares & Deposits | 6,514,583 |
TOTAL SHARES & DEPOSITS | 23,218,999 |
TOTAL LIABILITIES | 23,317,430 |
Regular Reserve | 0 |
Other Reserves | 272,511 |
Undivided Earnings | 2,721,838 |
TOTAL EQUITY | 2,994,349 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,311,779 |
INCOME & EXPENSE | |
Loan Income | 892,359 |
Investment Income | 262,078 |
Other Income | 87,548 |
Total Employee Compensation & Benefits | 374,466 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 540,107 |
Non-operating Income & (Expense) | 145,964 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,846 |
Cost of Funds | 103,689 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 353,841 |
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