Dec, 31, 2023 — SELF RELIANCE NY FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 5 branch locations and about $1.39 billion in total assets. Opened 73 years ago in 1951, SELF RELIANCE NY FEDERAL CREDIT UNION has about 14,879 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELF RELIANCE NY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 108 2nd Ave NEW YORK, NY 10003-8302 |
| Phone: | (212) 473-7310 |
| Fax: | (212) 473-3251 |
| Website: | https://www.selfrelianceny.org |
| Branches: | 5 branch locations |
| Members: | 14,879 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7217 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,387,405,490 |
| CEO/Manager: | Bohdan Kurczak |
| Chairperson: | Catherine Popovech |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 196,022,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 766,708,068 |
| Unsecured Loans | 1,594,619 |
| Other Loans | 2,299,021 |
| TOTAL LOANS | 770,601,707 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,180,984 |
| Land And Building | 298,152 |
| Other Fixed Assets | 279,993 |
| NCUSIF Deposit | 9,415,189 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,387,405,490 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,867 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,874,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,606,989 |
| Regular shares | 165,395,682 |
| All Other Shares & Deposits | 962,299,927 |
| TOTAL SHARES & DEPOSITS | 1,151,302,598 |
| TOTAL LIABILITIES | 1,153,200,318 |
| Regular Reserve | 0 |
| Other Reserves | -22,033,243 |
| Undivided Earnings | 256,238,415 |
| TOTAL EQUITY | 234,205,172 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,387,405,490 |
| INCOME & EXPENSE | |
| Loan Income | 28,311,037 |
| Investment Income | 22,448,908 |
| Other Income | 372,052 |
| Total Employee Compensation & Benefits | 5,289,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,444,335 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,768 |
| Cost of Funds | 34,826,446 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,619,367 |
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