Dec, 31, 2023 — VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BRONX, NY with 1 branch location and about $56.00 million in total assets. Opened 88 years ago in 1936, VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION has about 2,274 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: | VAN CORTLANDT COOPERATIVE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3960 Hillman Ave BRONX, NY 10463 |
Phone: | (718) 549-5858 |
Fax: | (718) 549-2921 |
Website: | https://www.vccfcu.com |
Branches: | 1 branch locations |
Members: | 2,274 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1125 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,995,857 |
CEO/Manager: | Mirela Alexe |
Chairperson: | Andrew Kimerling |
ASSETS: | $ Amount |
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Cash & Equivalents | 634,026 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,490,302 |
Unsecured Loans | 967,922 |
Other Loans | 3,081,547 |
TOTAL LOANS | 13,539,771 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -118,501 |
Land And Building | 0 |
Other Fixed Assets | 47,575 |
NCUSIF Deposit | 528,558 |
All Other Assets | 0 |
TOTAL ASSETS | 55,995,857 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,042 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,607 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,222,076 |
Regular shares | 33,570,504 |
All Other Shares & Deposits | 5,334,227 |
TOTAL SHARES & DEPOSITS | 50,126,807 |
TOTAL LIABILITIES | 50,167,456 |
Regular Reserve | 0 |
Other Reserves | -37,249 |
Undivided Earnings | 5,865,650 |
TOTAL EQUITY | 5,828,401 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,995,857 |
INCOME & EXPENSE | |
Loan Income | 792,523 |
Investment Income | 506,386 |
Other Income | 172,281 |
Total Employee Compensation & Benefits | 630,584 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 612,819 |
Non-operating Income & (Expense) | 19,590 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 109,237 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 138,140 |
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