S.M.S.D. FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — S.M.S.D. FEDERAL CREDIT UNION is a federal credit union headquartered in BUFFALO, NY with 1 branch location and about $2.49 million in total assets. Opened 49 years ago in 1975, S.M.S.D. FEDERAL CREDIT UNION has about 337 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | S.M.S.D. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2253 MAIN ST BUFFALO, NY 14214-2349 |
| Phone: | (716) 834-7200 |
| Fax: | (716) 834-2720 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 337 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22247 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Nov 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,493,091 |
| CEO/Manager: | Michael J Soehner |
| Chairperson: | Joan P Dudek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,892,941 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 180,960 |
| Other Loans | 391,976 |
| TOTAL LOANS | 572,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,588 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 19,001 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,493,091 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,906 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,996,832 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,996,832 |
| TOTAL LIABILITIES | 1,999,738 |
| Regular Reserve | 0 |
| Other Reserves | 40,000 |
| Undivided Earnings | 453,353 |
| TOTAL EQUITY | 493,353 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,493,091 |
| INCOME & EXPENSE | |
| Loan Income | 4,524 |
| Investment Income | 578 |
| Other Income | 14 |
| Total Employee Compensation & Benefits | 3,370 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 961 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -75 |
| Cost of Funds | 485 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,211 |
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