Sep, 30, 2025 — SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SCHENECTADY, NY with 2 branch locations and about $5.33 million in total assets. Opened 62 years ago in 1964, SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 656 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 388 Broadway SCHENECTADY, NY 12305 |
| Phone: | (518) 374-3830 |
| Fax: | (518) 374-3899 |
| Website: | https://www.schcofcu.org |
| Branches: | 2 branch locations |
| Members: | 656 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16278 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,327,176 |
| CEO/Manager: | Denelle Albert |
| Chairperson: | Robert J Dantz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 809,698 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 772,817 |
| Other Loans | 2,906,287 |
| TOTAL LOANS | 3,679,104 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,000 |
| Land And Building | 0 |
| Other Fixed Assets | 114,255 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 47,462 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,327,176 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,472 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 343,411 |
| Regular shares | 3,477,121 |
| All Other Shares & Deposits | 1,095,940 |
| TOTAL SHARES & DEPOSITS | 4,916,472 |
| TOTAL LIABILITIES | 4,953,944 |
| Regular Reserve | 0 |
| Other Reserves | 108,652 |
| Undivided Earnings | 264,580 |
| TOTAL EQUITY | 373,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,327,176 |
| INCOME & EXPENSE | |
| Loan Income | 205,861 |
| Investment Income | 25,484 |
| Other Income | 12,281 |
| Total Employee Compensation & Benefits | 75,034 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 108,598 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,950 |
| Cost of Funds | 37,143 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,817 |
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