Dec, 31, 2020 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 7 branch locations and about $273.54 million in total assets. Opened 41 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 11,845 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYNERGY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 691730 San Antonio, TX 78269 |
| Phone: | (210) 750-8333 |
| Fax: | (210) 345-2338 |
| Website: | http://www.synergyfcu.org |
| Branches: | 7 branch locations |
| Members: | 11,845 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23605 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $273,536,709 |
| CEO/Manager: | Sean Murphy |
| Chairperson: | Benny Perriraz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,643,807 |
| TOTAL INVESTMENTS | 31,990,386 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 110,772,641 |
| Unsecured Loans | 7,463,161 |
| Other Loans | 92,808,169 |
| TOTAL LOANS | 211,043,971 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -274,724 |
| Land And Building | 0 |
| Other Fixed Assets | 408,290 |
| NCUSIF Deposit | 1,963,772 |
| All Other Assets | 761,207 |
| TOTAL ASSETS | 273,536,709 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 41,333 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,533,873 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,667,746 |
| Regular shares | 83,740,293 |
| All Other Shares & Deposits | 106,728,743 |
| TOTAL SHARES & DEPOSITS | 231,136,782 |
| TOTAL LIABILITIES | 233,711,988 |
| Regular Reserve | 1,921,461 |
| Other Reserves | 541,755 |
| Undivided Earnings | 37,361,505 |
| TOTAL EQUITY | 39,824,721 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 273,536,709 |
| INCOME & EXPENSE | |
| Loan Income | 7,819,921 |
| Investment Income | 648,252 |
| Other Income | 735,616 |
| Total Employee Compensation & Benefits | 3,128,803 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,103,905 |
| Non-operating Income & (Expense) | 876,785 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 282,000 |
| Cost of Funds | 1,760,157 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,805,709 |
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