Sep, 30, 2025 — STATE CS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, NY with 2 branch locations and about $45.27 million in total assets. Opened 62 years ago in 1964, STATE CS EMPLOYEES FEDERAL CREDIT UNION has about 2,844 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE CS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Dulles State Office Building WATERTOWN, NY 13601 |
| Phone: | (315) 785-2400 |
| Fax: | (315) 785-2459 |
| Website: | https://www.statecs.org |
| Branches: | 2 branch locations |
| Members: | 2,844 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16207 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,274,520 |
| CEO/Manager: | Jacqueline Ramirez |
| Chairperson: | Owen Virkler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,411,407 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,691,094 |
| Unsecured Loans | 2,412,646 |
| Other Loans | 29,298,630 |
| TOTAL LOANS | 36,402,370 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -261,434 |
| Land And Building | 1,326,333 |
| Other Fixed Assets | 48,182 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 344,536 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,274,520 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 177,482 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,733,204 |
| Regular shares | 13,662,619 |
| All Other Shares & Deposits | 22,289,712 |
| TOTAL SHARES & DEPOSITS | 40,685,534 |
| TOTAL LIABILITIES | 40,863,016 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,411,504 |
| TOTAL EQUITY | 4,411,504 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,274,520 |
| INCOME & EXPENSE | |
| Loan Income | 1,821,038 |
| Investment Income | 134,720 |
| Other Income | 179,450 |
| Total Employee Compensation & Benefits | 513,351 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 448,374 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,051 |
| Cost of Funds | 626,559 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 694,239 |
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