Dec, 31, 2020 — SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Schenectady, NY with 1 branch location and about $4.86 million in total assets. Opened 57 years ago in 1964, SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 714 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 Suite B Schenectady, NY 12305 |
| Phone: | (518) 374-3830 |
| Fax: | (518) 374-3899 |
| Website: | http://schcofcu.org |
| Branches: | 1 branch locations |
| Members: | 714 |
| 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: | May 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,862,990 |
| CEO/Manager: | Denelle Albert |
| Chairperson: | Robert J Dantz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,248,771 |
| TOTAL INVESTMENTS | 492,511 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 623,338 |
| Other Loans | 2,278,981 |
| TOTAL LOANS | 2,902,319 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,916 |
| Land And Building | 0 |
| Other Fixed Assets | 178,376 |
| NCUSIF Deposit | 38,633 |
| All Other Assets | 17,296 |
| TOTAL ASSETS | 4,862,990 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,398 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 577,652 |
| Regular shares | 3,499,806 |
| All Other Shares & Deposits | 532,308 |
| TOTAL SHARES & DEPOSITS | 4,609,766 |
| TOTAL LIABILITIES | 4,616,164 |
| Regular Reserve | 41,807 |
| Other Reserves | 0 |
| Undivided Earnings | 205,019 |
| TOTAL EQUITY | 246,826 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,862,990 |
| INCOME & EXPENSE | |
| Loan Income | 164,519 |
| Investment Income | 19,048 |
| Other Income | 16,660 |
| Total Employee Compensation & Benefits | 97,797 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 100,776 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,267 |
| Cost of Funds | 15,135 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -33,748 |
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