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CO-OPERATIVE FEDERAL CREDIT UNION

Mar, 31, 2021 — CO-OPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in WOODRIDGE, NY with 1 branch location and about $7.73 million in total assets. Opened 85 years ago in 1936, CO-OPERATIVE FEDERAL CREDIT UNION has about 616 members 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)
PO BOX 307
WOODRIDGE, NY 12789
Phone:(845) 434-4550
Fax:(845) 434-0142
Website:http://www.coopfederal.com
Branches:1 branch locations
Members:616
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,727,409
CEO/Manager:GUY R JOLLIE
Chairperson:ROBERT KAPLAN

Call Report

  • Commercial Loans
  • Real Estate Loans
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,539,331
TOTAL INVESTMENTS 2,140,042
Loans Held for Sale 0
 
 Real Estate Loans 343,315
 Unsecured Loans 88,594
 Other Loans 1,574,868
 TOTAL LOANS 2,006,777
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,014
 Land And Building 0
 Other Fixed Assets 2,308
 NCUSIF Deposit 64,276
 All Other Assets 20,689
  TOTAL ASSETS 7,727,409
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,094
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,830,615
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,830,615
  TOTAL LIABILITIES 6,834,709
 Regular Reserve 100,000
 Other Reserves 0
 Undivided Earnings 792,700
  TOTAL EQUITY 892,700
  TOTAL LIABILITIES, SHARES, & EQUITY 7,727,409
INCOME & EXPENSE  
 Loan Income 30,219
 Investment Income 17,556
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 34,033
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,206
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,214
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