Dec, 31, 2020 — CO-OPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in WOODRIDGE, NY with 1 branch location and about $7.34 million in total assets. Opened 85 years ago in 1936, CO-OPERATIVE FEDERAL CREDIT UNION has about 610 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: | 610 |
| 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: | $7,336,196 |
| CEO/Manager: | GUY R JOLLIE |
| Chairperson: | ROBERT KAPLAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,013,727 |
| TOTAL INVESTMENTS | 2,259,067 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 345,563 |
| Unsecured Loans | 73,231 |
| Other Loans | 1,607,107 |
| TOTAL LOANS | 2,025,901 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,014 |
| Land And Building | 0 |
| Other Fixed Assets | 2,587 |
| NCUSIF Deposit | 56,931 |
| All Other Assets | 23,997 |
| TOTAL ASSETS | 7,336,196 |
| 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 | 6,449,617 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,449,617 |
| TOTAL LIABILITIES | 6,453,711 |
| Regular Reserve | 100,000 |
| Other Reserves | 0 |
| Undivided Earnings | 782,485 |
| TOTAL EQUITY | 882,485 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,336,196 |
| INCOME & EXPENSE | |
| Loan Income | 109,135 |
| Investment Income | 96,625 |
| Other Income | 8,937 |
| Total Employee Compensation & Benefits | 66,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,469 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,605 |
| Cost of Funds | 34,805 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,818 |
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