Dec, 31, 2020 — CORE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST SYRACUSE, NY with 2 branch locations and about $121.85 million in total assets. Opened 62 years ago in 1959, CORE FEDERAL CREDIT UNION has about 9,000 members and employs 21 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: | 9,000 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $121,853,373 |
| CEO/Manager: | william j sweeney |
| Chairperson: | kevin d conroy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,675,001 |
| TOTAL INVESTMENTS | 39,415,047 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,312,839 |
| Unsecured Loans | 4,817,854 |
| Other Loans | 16,179,492 |
| TOTAL LOANS | 46,310,185 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,322 |
| Land And Building | 768,169 |
| Other Fixed Assets | 72,417 |
| NCUSIF Deposit | 1,037,715 |
| All Other Assets | 1,662,161 |
| TOTAL ASSETS | 121,853,373 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 323,487 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,931,790 |
| Regular shares | 62,332,988 |
| All Other Shares & Deposits | 23,869,571 |
| TOTAL SHARES & DEPOSITS | 109,134,349 |
| TOTAL LIABILITIES | 109,457,836 |
| Regular Reserve | 908,817 |
| Other Reserves | 0 |
| Undivided Earnings | 11,486,720 |
| TOTAL EQUITY | 12,395,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,853,373 |
| INCOME & EXPENSE | |
| Loan Income | 1,787,108 |
| Investment Income | 1,412,354 |
| Other Income | 649,065 |
| Total Employee Compensation & Benefits | 1,361,485 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 965,813 |
| Non-operating Income & (Expense) | 16 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 572,357 |
| Cost of Funds | 194,932 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 753,956 |
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