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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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