Dec, 31, 2023 — SPC BROOKLYN FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 2 branch locations and about $413,733 in total assets. Opened 56 years ago in 1968, SPC BROOKLYN FEDERAL CREDIT UNION has about 296 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPC BROOKLYN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 29 Claver Pl BROOKLYN, NY 11238 |
| Phone: | (718) 857-5543 |
| Fax: | |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 296 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18858 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $413,733 |
| CEO/Manager: | Balfour Thompson |
| Chairperson: | Jennifer Parkinson-Gilbert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 337,257 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 18,616 |
| Other Loans | 26,603 |
| TOTAL LOANS | 45,219 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,314 |
| Land And Building | 0 |
| Other Fixed Assets | 1,217 |
| NCUSIF Deposit | 3,353 |
| All Other Assets | 0 |
| TOTAL ASSETS | 413,733 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 369,798 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 369,798 |
| TOTAL LIABILITIES | 369,798 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 43,935 |
| TOTAL EQUITY | 43,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 413,733 |
| INCOME & EXPENSE | |
| Loan Income | 3,859 |
| Investment Income | 10,483 |
| Other Income | 95 |
| Total Employee Compensation & Benefits | 1,590 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,789 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,058 |
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