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SING SING EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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