Dec, 31, 2023 — CO-OPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in WOODRIDGE, NY with 1 branch location and about $5.20 million in total assets. Opened 88 years ago in 1936, CO-OPERATIVE FEDERAL CREDIT UNION has about 559 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CO-OPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 39 BROADWAY WOODRIDGE, NY 12789 |
| Phone: | (845) 434-4550 |
| Fax: | (845) 434-0142 |
| Website: | https://www.coopfederal.com |
| Branches: | 1 branch locations |
| Members: | 559 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1134 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,197,885 |
| CEO/Manager: | GUY R JOLLIE |
| Chairperson: | ROBERT KAPLAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 426,711 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 333,400 |
| Unsecured Loans | 72,362 |
| Other Loans | 750,021 |
| TOTAL LOANS | 1,155,783 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,561 |
| Land And Building | 0 |
| Other Fixed Assets | 293 |
| NCUSIF Deposit | 59,879 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,197,885 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,500 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,309,977 |
| All Other Shares & Deposits | 988,794 |
| TOTAL SHARES & DEPOSITS | 4,298,771 |
| TOTAL LIABILITIES | 4,300,271 |
| Regular Reserve | 0 |
| Other Reserves | 100,000 |
| Undivided Earnings | 797,614 |
| TOTAL EQUITY | 897,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,197,885 |
| INCOME & EXPENSE | |
| Loan Income | 78,032 |
| Investment Income | 84,336 |
| Other Income | 4,318 |
| Total Employee Compensation & Benefits | 66,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 54,471 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,143 |
| Cost of Funds | 106,270 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -73,198 |
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