Dec, 31, 2023 — SIDNEY FEDERAL CREDIT UNION is a federal credit union headquartered in SIDNEY, NY with 12 branch locations and about $940.72 million in total assets. Opened 75 years ago in 1949, SIDNEY FEDERAL CREDIT UNION has about 69,849 members and employs 211 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SIDNEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 42 Union St SIDNEY, NY 13838 |
Phone: | (607) 561-7300 |
Fax: | (607) 563-7474 |
Website: | https://www.sfcuonline.org |
Branches: | 12 branch locations |
Members: | 69,849 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6011 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $940,715,481 |
CEO/Manager: | Jim H Reynolds |
Chairperson: | Scott McLean |
ASSETS: | $ Amount |
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Cash & Equivalents | 48,631,571 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 106,958,227 |
Unsecured Loans | 76,152,374 |
Other Loans | 544,069,539 |
TOTAL LOANS | 727,278,050 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,917,440 |
Land And Building | 13,332,025 |
Other Fixed Assets | 3,565,091 |
NCUSIF Deposit | 7,987,612 |
All Other Assets | 1,356,970 |
TOTAL ASSETS | 940,715,481 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,882,296 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 151,323,984 |
Regular shares | 235,927,381 |
All Other Shares & Deposits | 451,587,391 |
TOTAL SHARES & DEPOSITS | 838,838,756 |
TOTAL LIABILITIES | 847,721,052 |
Regular Reserve | 0 |
Other Reserves | 4,150,632 |
Undivided Earnings | 88,843,797 |
TOTAL EQUITY | 92,994,429 |
TOTAL LIABILITIES, SHARES, & EQUITY | 940,715,481 |
INCOME & EXPENSE | |
Loan Income | 39,045,398 |
Investment Income | 3,464,091 |
Other Income | 3,319,873 |
Total Employee Compensation & Benefits | 16,779,141 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,589,274 |
Non-operating Income & (Expense) | 2,333,551 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,008,232 |
Cost of Funds | 9,785,289 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,556,996 |
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