Dec, 31, 2023 — SING SING EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIARCLIFF MANOR, NY with 1 branch location and about $10.46 million in total assets. Opened 83 years ago in 1941, SING SING EMPLOYEES FEDERAL CREDIT UNION has about 1,384 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SING SING EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 127 Woodside Ave BRIARCLIFF MANOR, NY 10510 |
Phone: | (914) 762-3372 |
Fax: | (914) 762-5612 |
Website: | https://singsingfcu.org |
Branches: | 1 branch locations |
Members: | 1,384 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4441 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,464,990 |
CEO/Manager: | LaTisha K Alston |
Chairperson: | Maria Coutant |
ASSETS: | $ Amount |
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Cash & Equivalents | 283,080 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,481,203 |
Other Loans | 1,628,723 |
TOTAL LOANS | 4,124,578 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -190,789 |
Land And Building | 0 |
Other Fixed Assets | 13,179 |
NCUSIF Deposit | 100,898 |
All Other Assets | 24,513 |
TOTAL ASSETS | 10,464,990 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,450 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,731 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 96,679 |
Regular shares | 8,000,239 |
All Other Shares & Deposits | 733,504 |
TOTAL SHARES & DEPOSITS | 8,830,423 |
TOTAL LIABILITIES | 8,852,604 |
Regular Reserve | 0 |
Other Reserves | 30,204 |
Undivided Earnings | 1,582,182 |
TOTAL EQUITY | 1,612,386 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,464,990 |
INCOME & EXPENSE | |
Loan Income | 493,601 |
Investment Income | 104,975 |
Other Income | 35,748 |
Total Employee Compensation & Benefits | 299,985 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 213,342 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 345,082 |
Cost of Funds | 97,592 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -318,419 |
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