Mar, 31, 2021 — COOPERS CAVE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENS FALLS, NY with 2 branch locations and about $19.09 million in total assets. Opened 63 years ago in 1958, COOPERS CAVE FEDERAL CREDIT UNION has about 2,059 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 AVENUE GLENS FALLS, NY 12801 |
| Phone: | (518) 793-9502 |
| Fax: | (518) 793-7961 |
| Website: | http://cooperscavefcu.com |
| Branches: | 2 branch locations |
| Members: | 2,059 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,085,594 |
| CEO/Manager: | John Jones |
| Chairperson: | John Homkey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,647,357 |
| TOTAL INVESTMENTS | 8,515,303 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,166,946 |
| Unsecured Loans | 286,339 |
| Other Loans | 2,888,985 |
| TOTAL LOANS | 5,342,270 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,353 |
| Land And Building | 378,412 |
| Other Fixed Assets | 38,762 |
| NCUSIF Deposit | 130,136 |
| All Other Assets | 61,707 |
| TOTAL ASSETS | 19,085,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,625,768 |
| Regular shares | 8,263,729 |
| All Other Shares & Deposits | 6,031,578 |
| TOTAL SHARES & DEPOSITS | 17,921,075 |
| TOTAL LIABILITIES | 17,922,401 |
| Regular Reserve | 135,279 |
| Other Reserves | 0 |
| Undivided Earnings | 1,027,914 |
| TOTAL EQUITY | 1,163,193 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,085,594 |
| INCOME & EXPENSE | |
| Loan Income | 63,020 |
| Investment Income | 40,503 |
| Other Income | 36,671 |
| Total Employee Compensation & Benefits | 56,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,917 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -696 |
| Cost of Funds | 4,819 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,229 |
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