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SPC BROOKLYN FEDERAL CREDIT UNION

Mar, 31, 2022 — SPC BROOKLYN FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 2 branch locations and about $375,147 in total assets. Opened 54 years ago in 1968, SPC BROOKLYN FEDERAL CREDIT UNION has about 315 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:315
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:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$375,147
CEO/Manager:Balfour Thompson
Chairperson:Jennifer Parkinson-Gilbert

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 61,316
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 59,925
 Other Loans 0
 TOTAL LOANS 59,925
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,480
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,504
 All Other Assets 0
  TOTAL ASSETS 375,147
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 333,399
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 333,399
  TOTAL LIABILITIES 333,399
 Regular Reserve 0
 Other Reserves 20,214
 Undivided Earnings 21,534
  TOTAL EQUITY 41,748
  TOTAL LIABILITIES, SHARES, & EQUITY 375,147
INCOME & EXPENSE  
 Loan Income 1,222
 Investment Income 241
 Other Income 15
 Total Employee Compensation & Benefits 300
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,974
 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) -796
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