Dec, 31, 2023 — BROOKLYN COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 3 branch locations and about $48.87 million in total assets. Opened 24 years ago in 2000, BROOKLYN COOPERATIVE FEDERAL CREDIT UNION has about 10,364 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROOKLYN COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1474 Myrtle Ave BROOKLYN, NY 11237-5128 |
| Phone: | (718) 418-8232 |
| Fax: | (718) 418-8252 |
| Website: | https://www.brooklyn.coop |
| Branches: | 3 branch locations |
| Members: | 10,364 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24642 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2000 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,867,378 |
| CEO/Manager: | Samira Rajan |
| Chairperson: | Jose Rolando Guzman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,375,637 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,965,670 |
| Unsecured Loans | 3,206,410 |
| Other Loans | 4,848,209 |
| TOTAL LOANS | 37,090,666 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -298,269 |
| Land And Building | 72,574 |
| Other Fixed Assets | 820,025 |
| NCUSIF Deposit | 430,275 |
| All Other Assets | 0 |
| TOTAL ASSETS | 48,867,378 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,853 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,367,046 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,201,849 |
| Regular shares | 21,872,952 |
| All Other Shares & Deposits | 5,707,290 |
| TOTAL SHARES & DEPOSITS | 39,782,090 |
| TOTAL LIABILITIES | 44,168,989 |
| Regular Reserve | 0 |
| Other Reserves | 2,885,816 |
| Undivided Earnings | 1,812,573 |
| TOTAL EQUITY | 4,698,389 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,867,378 |
| INCOME & EXPENSE | |
| Loan Income | 1,748,809 |
| Investment Income | 85,028 |
| Other Income | 418,810 |
| Total Employee Compensation & Benefits | 1,749,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,000,805 |
| Non-operating Income & (Expense) | 1,414,619 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 235,000 |
| Cost of Funds | 127,200 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -221,276 |
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