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SPC BROOKLYN FEDERAL CREDIT UNION

Jun, 30, 2023 — SPC BROOKLYN FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 2 branch locations and about $375,599 in total assets. Opened 56 years ago in 1968, SPC BROOKLYN FEDERAL CREDIT UNION has about 312 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:312
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:$375,599
CEO/Manager:Balfour Thompson
Chairperson:Jennifer Parkinson-Gilbert

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 126,499
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 33,548
 Other Loans 16,608
 TOTAL LOANS 50,156
 (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 3,446
 All Other Assets 0
  TOTAL ASSETS 375,599
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 335,280
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 335,280
  TOTAL LIABILITIES 335,280
 Regular Reserve 0
 Other Reserves 20,214
 Undivided Earnings 20,105
  TOTAL EQUITY 40,319
  TOTAL LIABILITIES, SHARES, & EQUITY 375,599
INCOME & EXPENSE  
 Loan Income 3,140
 Investment Income 1,249
 Other Income 25
 Total Employee Compensation & Benefits 600
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,824
 Non-operating Income & (Expense) 1,787
 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) -2,223
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