Dec, 31, 2022 — SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SCHENECTADY, NY with 2 branch locations and about $5.42 million in total assets. Opened 59 years ago in 1964, SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 670 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://schcofcu.org |
| Branches: | 2 branch locations |
| Members: | 670 |
| 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: | $5,423,669 |
| CEO/Manager: | Denelle Albert |
| Chairperson: | Robert J Dantz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,489,012 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 694,999 |
| Other Loans | 2,661,489 |
| TOTAL LOANS | 3,356,488 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,869 |
| Land And Building | 0 |
| Other Fixed Assets | 151,134 |
| NCUSIF Deposit | 46,098 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,423,669 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,475 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 528,315 |
| Regular shares | 4,203,824 |
| All Other Shares & Deposits | 377,631 |
| TOTAL SHARES & DEPOSITS | 5,109,770 |
| TOTAL LIABILITIES | 5,127,245 |
| Regular Reserve | 0 |
| Other Reserves | 83,193 |
| Undivided Earnings | 213,231 |
| TOTAL EQUITY | 296,424 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,423,669 |
| INCOME & EXPENSE | |
| Loan Income | 131,968 |
| Investment Income | 11,606 |
| Other Income | 14,869 |
| Total Employee Compensation & Benefits | 54,767 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 86,533 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,927 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,764 |
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