SPERRY ASSOCIATES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.sperryfcu.org for more information.
Dec, 31, 2023 — SPERRY ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in Garden City Par, NY with 1 branch location and about $265.35 million in total assets. Opened 88 years ago in 1936, SPERRY ASSOCIATES FEDERAL CREDIT UNION has about 16,303 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPERRY ASSOCIATES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2400 Jericho Tpke Garden City Par, NY 11040 |
| Phone: | (516) 873-7171 |
| Fax: | (516) 873-7623 |
| Website: | https://www.sperryfcu.org |
| Branches: | 1 branch locations |
| Members: | 16,303 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1787 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $265,352,892 |
| CEO/Manager: | Kevin Healy |
| Chairperson: | Gary Barello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,837,108 |
| TOTAL INVESTMENTS | 74,204,177 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 127,476,747 |
| Unsecured Loans | 11,464,065 |
| Other Loans | 28,781,532 |
| TOTAL LOANS | 167,722,344 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,725,366 |
| Land And Building | 3,310,955 |
| Other Fixed Assets | 1,116,915 |
| NCUSIF Deposit | 2,176,465 |
| All Other Assets | 2,710,294 |
| TOTAL ASSETS | 265,352,892 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 848,987 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,938,060 |
| Regular shares | 70,369,041 |
| All Other Shares & Deposits | 121,919,743 |
| TOTAL SHARES & DEPOSITS | 241,226,844 |
| TOTAL LIABILITIES | 242,075,831 |
| Regular Reserve | 15,849,981 |
| Other Reserves | 910,896 |
| Undivided Earnings | 6,516,184 |
| TOTAL EQUITY | 23,277,061 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 265,352,892 |
| INCOME & EXPENSE | |
| Loan Income | 5,222,573 |
| Investment Income | 956,394 |
| Other Income | 1,771,299 |
| Total Employee Compensation & Benefits | 3,326,903 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,393,447 |
| Non-operating Income & (Expense) | 641,115 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 225,000 |
| Cost of Funds | 1,982,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 663,065 |
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