Dec, 31, 2023 — SOUTHERN CHAUTAUQUA FEDERAL CREDIT UNION is a federal credit union headquartered in LAKEWOOD, NY with 8 branch locations and about $141.13 million in total assets. Opened 70 years ago in 1954, SOUTHERN CHAUTAUQUA FEDERAL CREDIT UNION has about 18,881 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTHERN CHAUTAUQUA FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 168 E Fairmount Ave LAKEWOOD, NY 14750 |
Phone: | (716) 665-7000 |
Fax: | (716) 484-8653 |
Website: | https://www.665-7000.com |
Branches: | 8 branch locations |
Members: | 18,881 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9107 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $141,130,246 |
CEO/Manager: | John E Felton |
Chairperson: | William Caldwell |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 9,552,357 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,587,754 |
Unsecured Loans | 18,479,735 |
Other Loans | 63,656,289 |
TOTAL LOANS | 112,723,778 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,733,362 |
Land And Building | 4,670,440 |
Other Fixed Assets | 2,187,698 |
NCUSIF Deposit | 1,186,765 |
All Other Assets | 0 |
TOTAL ASSETS | 141,130,246 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 948,836 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,900,000 |
Share Drafts | 26,490,345 |
Regular shares | 36,458,815 |
All Other Shares & Deposits | 55,382,586 |
TOTAL SHARES & DEPOSITS | 118,331,746 |
TOTAL LIABILITIES | 125,180,582 |
Regular Reserve | 0 |
Other Reserves | 483,777 |
Undivided Earnings | 15,465,887 |
TOTAL EQUITY | 15,949,664 |
TOTAL LIABILITIES, SHARES, & EQUITY | 141,130,246 |
INCOME & EXPENSE | |
Loan Income | 7,750,853 |
Investment Income | 382,803 |
Other Income | 1,445,790 |
Total Employee Compensation & Benefits | 4,056,182 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,422,566 |
Non-operating Income & (Expense) | 823,149 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,006 |
Cost of Funds | 1,302,446 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,461,446 |
↑ Back to Top |