CORE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.core-fcu.com for more information.
Dec, 31, 2023 — CORE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 2 branch locations and about $137.78 million in total assets. Opened 65 years ago in 1959, CORE FEDERAL CREDIT UNION has about 8,182 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: | CORE FEDERAL CREDIT UNION |
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Address: (Main Office) | 7200 KIRKVILLE RD EAST SYRACUSE, NY 13057-9414 |
Phone: | (315) 656-8220 |
Fax: | (315) 656-9389 |
Website: | https://www.core-fcu.com |
Branches: | 2 branch locations |
Members: | 8,182 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13037 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $137,780,347 |
CEO/Manager: | william j sweeney |
Chairperson: | kevin d conroy |
ASSETS: | $ Amount |
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Cash & Equivalents | 53,592,034 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 120,000 |
Real Estate Loans | 23,799,241 |
Unsecured Loans | 3,730,276 |
Other Loans | 10,045,897 |
TOTAL LOANS | 37,575,414 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,901 |
Land And Building | 724,719 |
Other Fixed Assets | 54,583 |
NCUSIF Deposit | 1,169,248 |
All Other Assets | 0 |
TOTAL ASSETS | 137,780,347 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 373,322 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,229,816 |
Regular shares | 71,690,319 |
All Other Shares & Deposits | 26,186,437 |
TOTAL SHARES & DEPOSITS | 123,106,572 |
TOTAL LIABILITIES | 123,479,894 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 14,300,453 |
TOTAL EQUITY | 14,300,453 |
TOTAL LIABILITIES, SHARES, & EQUITY | 137,780,347 |
INCOME & EXPENSE | |
Loan Income | 365,103 |
Investment Income | 280,093 |
Other Income | 82,507 |
Total Employee Compensation & Benefits | 313,018 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 305,541 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,587 |
Cost of Funds | 34,960 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 269,096 |
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