Dec, 31, 2023 — TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION is a federal credit union headquartered in CHEEKTOWAGA, NY with 1 branch location and about $34.49 million in total assets. Opened 44 years ago in 1980, TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION has about 1,491 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN OF CHEEKTOWAGA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3251 BROADWAY St CHEEKTOWAGA, NY 14227-1033 |
| Phone: | (716) 686-3497 |
| Fax: | (716) 681-2923 |
| Website: | https://www.townofcheektowagafcu.com |
| Branches: | 1 branch locations |
| Members: | 1,491 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23717 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,489,684 |
| CEO/Manager: | RICK D ROLL |
| Chairperson: | DAVID PRZEPIORA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,160,420 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,040,689 |
| Unsecured Loans | 838,650 |
| Other Loans | 5,672,635 |
| TOTAL LOANS | 13,551,973 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,523 |
| Land And Building | 395,240 |
| Other Fixed Assets | 93,794 |
| NCUSIF Deposit | 291,613 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,489,684 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,157 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,713,550 |
| Regular shares | 21,771,332 |
| All Other Shares & Deposits | 2,626,225 |
| TOTAL SHARES & DEPOSITS | 29,111,107 |
| TOTAL LIABILITIES | 29,109,950 |
| Regular Reserve | 0 |
| Other Reserves | 200,000 |
| Undivided Earnings | 5,179,734 |
| TOTAL EQUITY | 5,379,734 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,489,684 |
| INCOME & EXPENSE | |
| Loan Income | 673,413 |
| Investment Income | 445,800 |
| Other Income | 85,489 |
| Total Employee Compensation & Benefits | 296,163 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 354,880 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 199,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 420,570 |
| ↑ Back to Top | |