Dec, 31, 2023 — SPENCERPORT FEDERAL CREDIT UNION is a federal credit union headquartered in SPENCERPORT, NY with 1 branch location and about $39.48 million in total assets. Opened 62 years ago in 1962, SPENCERPORT FEDERAL CREDIT UNION has about 4,437 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPENCERPORT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2775 Spencerport rd SPENCERPORT, NY 14559 |
| Phone: | (585) 352-6890 |
| Fax: | (585) 352-1899 |
| Website: | https://www.spnfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,437 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14884 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,481,887 |
| CEO/Manager: | Katherine A Czarnecki |
| Chairperson: | Christopher J Cappetta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 439,231 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,040,853 |
| Unsecured Loans | 1,095,258 |
| Other Loans | 16,538,299 |
| TOTAL LOANS | 21,674,885 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,496 |
| Land And Building | 793,597 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 372,999 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,481,887 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,234 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,482,669 |
| Regular shares | 21,563,226 |
| All Other Shares & Deposits | 5,323,073 |
| TOTAL SHARES & DEPOSITS | 36,368,968 |
| TOTAL LIABILITIES | 36,469,202 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,012,685 |
| TOTAL EQUITY | 3,012,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,481,887 |
| INCOME & EXPENSE | |
| Loan Income | 1,054,186 |
| Investment Income | 253,886 |
| Other Income | 85,964 |
| Total Employee Compensation & Benefits | 455,076 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 573,801 |
| Non-operating Income & (Expense) | 8,617 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,324 |
| Cost of Funds | 58,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 326,096 |
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