Mar, 31, 2022 — 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 58 years ago in 1964, SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 679 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 |
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Address: (Main Office) | 388 Broadway SCHENECTADY, NY 12305 |
Phone: | (518) 374-3830 |
Fax: | (518) 374-3899 |
Website: | http://schcofcu.org |
Branches: | 2 branch locations |
Members: | 679 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16278 |
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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: | $5,327,936 |
CEO/Manager: | Denelle Albert |
Chairperson: | Robert J Dantz |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,560,808 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 596,230 |
Other Loans | 2,482,871 |
TOTAL LOANS | 3,079,101 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,916 |
Land And Building | 0 |
Other Fixed Assets | 158,603 |
NCUSIF Deposit | 46,098 |
All Other Assets | 0 |
TOTAL ASSETS | 5,327,936 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,875 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 557,453 |
Regular shares | 4,008,642 |
All Other Shares & Deposits | 470,294 |
TOTAL SHARES & DEPOSITS | 5,036,389 |
TOTAL LIABILITIES | 5,047,264 |
Regular Reserve | 0 |
Other Reserves | 72,419 |
Undivided Earnings | 208,253 |
TOTAL EQUITY | 280,672 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,327,936 |
INCOME & EXPENSE | |
Loan Income | 41,224 |
Investment Income | 2,579 |
Other Income | 57,458 |
Total Employee Compensation & Benefits | 17,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,365 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,642 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 52,754 |
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