Sep, 30, 2025 — SUFFOLK FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, NY with 10 branch locations and about $2.01 billion in total assets. Opened 59 years ago in 1967, SUFFOLK FEDERAL CREDIT UNION has about 79,176 members and employs 212 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUFFOLK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3681 Horseblock Rd MEDFORD, NY 11763-2242 |
| Phone: | (631) 924-8000 |
| Fax: | (631) 396-1246 |
| Website: | https://www.suffolkcu.org |
| Branches: | 10 branch locations |
| Members: | 79,176 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17914 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,008,019,314 |
| CEO/Manager: | Michele Dean |
| Chairperson: | James J Maggio, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 105,744,325 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,015,591,243 |
| Unsecured Loans | 36,769,373 |
| Other Loans | 296,991,721 |
| TOTAL LOANS | 1,349,352,422 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,998,530 |
| Land And Building | 5,683,273 |
| Other Fixed Assets | 5,058,183 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 15,920,128 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,008,019,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 94,725,000 |
| Accounts Payable & Other Liabilities | 20,634,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 281,073,262 |
| Regular shares | 565,625,235 |
| All Other Shares & Deposits | 919,158,671 |
| TOTAL SHARES & DEPOSITS | 1,765,857,168 |
| TOTAL LIABILITIES | 1,881,216,518 |
| Regular Reserve | 0 |
| Other Reserves | -43,382,985 |
| Undivided Earnings | 170,185,781 |
| TOTAL EQUITY | 126,802,796 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,008,019,314 |
| INCOME & EXPENSE | |
| Loan Income | 52,081,742 |
| Investment Income | 13,289,017 |
| Other Income | 3,643,381 |
| Total Employee Compensation & Benefits | 20,360,127 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 16,796,375 |
| Non-operating Income & (Expense) | 981,075 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,440,137 |
| Cost of Funds | 28,292,642 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,219,080 |
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