Dec, 31, 2023 — WESTERN NEW YORK FEDERAL CREDIT UNION is a federal credit union headquartered in WEST SENECA, NY with 1 branch location and about $86.36 million in total assets. Opened 60 years ago in 1964, WESTERN NEW YORK FEDERAL CREDIT UNION has about 8,741 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERN NEW YORK FEDERAL CREDIT UNION |
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Address: (Main Office) | 1937 Union Rd WEST SENECA, NY 14224 |
Phone: | (716) 771-5000 |
Fax: | (716) 675-9644 |
Website: | https://www.wnyfcu.com |
Branches: | 1 branch locations |
Members: | 8,741 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16042 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $86,356,966 |
CEO/Manager: | Marie T Betti |
Chairperson: | Michael Henry |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,055,049 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,807,687 |
Unsecured Loans | 7,354,892 |
Other Loans | 34,327,233 |
TOTAL LOANS | 56,489,812 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,646 |
Land And Building | 3,574,405 |
Other Fixed Assets | 80,635 |
NCUSIF Deposit | 753,597 |
All Other Assets | 0 |
TOTAL ASSETS | 86,356,966 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 434,448 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,515,947 |
Regular shares | 53,947,605 |
All Other Shares & Deposits | 3,598,283 |
TOTAL SHARES & DEPOSITS | 73,061,836 |
TOTAL LIABILITIES | 78,496,284 |
Regular Reserve | 0 |
Other Reserves | 342,071 |
Undivided Earnings | 7,518,611 |
TOTAL EQUITY | 7,860,682 |
TOTAL LIABILITIES, SHARES, & EQUITY | 86,356,966 |
INCOME & EXPENSE | |
Loan Income | 2,283,545 |
Investment Income | 614,606 |
Other Income | 420,088 |
Total Employee Compensation & Benefits | 1,331,928 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,445,726 |
Non-operating Income & (Expense) | -5,612 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,609 |
Cost of Funds | 147,317 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 981,125 |
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