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 |
↑ Back to Top |