Dec, 31, 2021 — COOPERS CAVE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENS FALLS, NY with 2 branch locations and about $20.53 million in total assets. Opened 64 years ago in 1958, COOPERS CAVE FEDERAL CREDIT UNION has about 2,056 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COOPERS CAVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 92 Dix Ave GLENS FALLS, NY 12801-3158 |
| Phone: | (518) 793-9502 |
| Fax: | (518) 793-7961 |
| Website: | http://cooperscavefcu.com |
| Branches: | 2 branch locations |
| Members: | 2,056 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12671 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,533,428 |
| CEO/Manager: | Christine Smith |
| Chairperson: | John Homkey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,772,293 |
| TOTAL INVESTMENTS | 8,566,278 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,160,831 |
| Unsecured Loans | 275,027 |
| Other Loans | 3,178,967 |
| TOTAL LOANS | 5,614,825 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,083 |
| Land And Building | 361,649 |
| Other Fixed Assets | 28,416 |
| NCUSIF Deposit | 161,319 |
| All Other Assets | 68,731 |
| TOTAL ASSETS | 20,533,428 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 383,999 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,003,458 |
| Regular shares | 8,500,905 |
| All Other Shares & Deposits | 6,432,107 |
| TOTAL SHARES & DEPOSITS | 18,936,470 |
| TOTAL LIABILITIES | 19,320,469 |
| Regular Reserve | 135,280 |
| Other Reserves | 0 |
| Undivided Earnings | 1,077,679 |
| TOTAL EQUITY | 1,212,959 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,533,428 |
| INCOME & EXPENSE | |
| Loan Income | 250,164 |
| Investment Income | 145,205 |
| Other Income | 156,043 |
| Total Employee Compensation & Benefits | 243,716 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 306,966 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -695 |
| Cost of Funds | 16,572 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 82,995 |
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