Dec, 31, 2023 — UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in UTICA, NY with 1 branch location and about $38.00 million in total assets. Opened 68 years ago in 1956, UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION has about 1,736 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTICA DISTRICT TELEPHONE EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2812 GENESEE ST UTICA, NY 13502 |
Phone: | (315) 724-5133 |
Fax: | (315) 793-8296 |
Website: | https://www.utelfcu.net |
Branches: | 1 branch locations |
Members: | 1,736 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11157 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,995,504 |
CEO/Manager: | PATRICK M GALLAGHER |
Chairperson: | RONALD J HAMLIN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,021,152 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,260,675 |
Unsecured Loans | 2,629,181 |
Other Loans | 8,591,732 |
TOTAL LOANS | 18,481,588 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,093 |
Land And Building | 992,812 |
Other Fixed Assets | 53,388 |
NCUSIF Deposit | 294,009 |
All Other Assets | 0 |
TOTAL ASSETS | 37,995,504 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -425,410 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,343,407 |
Regular shares | 13,609,254 |
All Other Shares & Deposits | 9,392,035 |
TOTAL SHARES & DEPOSITS | 26,344,695 |
TOTAL LIABILITIES | 25,919,285 |
Regular Reserve | 0 |
Other Reserves | -292,733 |
Undivided Earnings | 12,368,952 |
TOTAL EQUITY | 12,076,219 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,995,504 |
INCOME & EXPENSE | |
Loan Income | 934,864 |
Investment Income | 373,676 |
Other Income | 14,943 |
Total Employee Compensation & Benefits | 321,126 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 547,689 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,470 |
Cost of Funds | 219,514 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 348,563 |
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