Dec, 31, 2023 — SECNY FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 6 branch locations and about $286.14 million in total assets. Opened 53 years ago in 1971, SECNY FEDERAL CREDIT UNION has about 16,058 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SECNY FEDERAL CREDIT UNION |
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Address: (Main Office) | 4727 W Seneca Tpke SYRACUSE, NY 13215-2119 |
Phone: | (315) 469-5599 |
Fax: | (315) 469-5921 |
Website: | https://www.secny.org |
Branches: | 6 branch locations |
Members: | 16,058 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20496 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $286,137,306 |
CEO/Manager: | Courtney B Fulmer |
Chairperson: | Joseph Simmons |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,747,409 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 113,664,897 |
Unsecured Loans | 11,452,087 |
Other Loans | 30,001,064 |
TOTAL LOANS | 155,118,047 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -531,786 |
Land And Building | 7,263,061 |
Other Fixed Assets | 542,815 |
NCUSIF Deposit | 2,468,241 |
All Other Assets | 0 |
TOTAL ASSETS | 286,137,306 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 375 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,004,590 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 55,693,628 |
Regular shares | 103,477,063 |
All Other Shares & Deposits | 102,083,312 |
TOTAL SHARES & DEPOSITS | 261,254,004 |
TOTAL LIABILITIES | 265,258,969 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 20,878,337 |
TOTAL EQUITY | 20,878,337 |
TOTAL LIABILITIES, SHARES, & EQUITY | 286,137,306 |
INCOME & EXPENSE | |
Loan Income | 6,952,884 |
Investment Income | 2,600,306 |
Other Income | 1,026,958 |
Total Employee Compensation & Benefits | 4,354,928 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,872,856 |
Non-operating Income & (Expense) | 199,433 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 377,485 |
Cost of Funds | 1,823,522 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,240,755 |
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» See also Statement of Financial Condition