Sep, 30, 2021 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 7 branch locations and about $292.51 million in total assets. Opened 42 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 11,697 members and employs 37 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: | 11,697 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $292,506,516 |
| CEO/Manager: | Sean Murphy |
| Chairperson: | Benny Perriraz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,581,950 |
| TOTAL INVESTMENTS | 39,775,307 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 114,099,474 |
| Unsecured Loans | 7,052,321 |
| Other Loans | 90,774,664 |
| TOTAL LOANS | 211,926,459 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -306,081 |
| Land And Building | 0 |
| Other Fixed Assets | 365,192 |
| NCUSIF Deposit | 1,912,818 |
| All Other Assets | 3,250,871 |
| TOTAL ASSETS | 292,506,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,268 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,067,682 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,138,044 |
| Regular shares | 91,934,378 |
| All Other Shares & Deposits | 112,979,755 |
| TOTAL SHARES & DEPOSITS | 248,052,177 |
| TOTAL LIABILITIES | 250,191,127 |
| Regular Reserve | 1,921,461 |
| Other Reserves | 343,023 |
| Undivided Earnings | 40,050,905 |
| TOTAL EQUITY | 42,315,389 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 292,506,516 |
| INCOME & EXPENSE | |
| Loan Income | 5,795,255 |
| Investment Income | 345,588 |
| Other Income | 248,001 |
| Total Employee Compensation & Benefits | 2,330,102 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,478,788 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
| Cost of Funds | 1,058,048 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,689,400 |
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