Dec, 31, 2021 — CORE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 2 branch locations and about $134.55 million in total assets. Opened 63 years ago in 1959, CORE FEDERAL CREDIT UNION has about 8,583 members and employs 20 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: | http://www.core-fcu.com |
| Branches: | 2 branch locations |
| Members: | 8,583 |
| 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: | $134,551,481 |
| CEO/Manager: | william j sweeney |
| Chairperson: | kevin d conroy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,996,439 |
| TOTAL INVESTMENTS | 44,305,865 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,811,352 |
| Unsecured Loans | 3,896,246 |
| Other Loans | 11,159,264 |
| TOTAL LOANS | 38,866,862 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,416 |
| Land And Building | 733,409 |
| Other Fixed Assets | 65,017 |
| NCUSIF Deposit | 1,169,248 |
| All Other Assets | 1,493,057 |
| TOTAL ASSETS | 134,551,481 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 518,136 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,984,636 |
| Regular shares | 68,862,638 |
| All Other Shares & Deposits | 26,154,714 |
| TOTAL SHARES & DEPOSITS | 120,001,988 |
| TOTAL LIABILITIES | 120,520,124 |
| Regular Reserve | 908,818 |
| Other Reserves | 0 |
| Undivided Earnings | 13,122,539 |
| TOTAL EQUITY | 14,031,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,551,481 |
| INCOME & EXPENSE | |
| Loan Income | 1,706,153 |
| Investment Income | 1,226,531 |
| Other Income | 308,128 |
| Total Employee Compensation & Benefits | 1,319,611 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,233,695 |
| Non-operating Income & (Expense) | -8,994 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -257,648 |
| Cost of Funds | 143,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,635,819 |
| ↑ Back to Top | |