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SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Overdraft Lines of Credit
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
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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