Dec, 31, 2021 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 7 branch locations and about $292.22 million in total assets. Opened 42 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 11,744 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 |
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Address: (Main Office) | 1 Valero Way SAN ANTONIO, TX 78249-1616 |
Phone: | (210) 750-8333 |
Fax: | (210) 345-2338 |
Website: | http://www.synergyfcu.org |
Branches: | 7 branch locations |
Members: | 11,744 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23605 |
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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: | $292,220,846 |
CEO/Manager: | Sean Murphy |
Chairperson: | Benny Perriraz |
ASSETS: | $ Amount |
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Cash & Equivalents | 30,921,615 |
TOTAL INVESTMENTS | 43,560,191 |
Loans Held for Sale | 0 |
Real Estate Loans | 113,952,484 |
Unsecured Loans | 7,878,613 |
Other Loans | 91,589,500 |
TOTAL LOANS | 213,420,597 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,656 |
Land And Building | 0 |
Other Fixed Assets | 330,543 |
NCUSIF Deposit | 2,094,041 |
All Other Assets | 2,181,515 |
TOTAL ASSETS | 292,220,846 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 72,204 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,504,646 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 44,392,598 |
Regular shares | 91,165,025 |
All Other Shares & Deposits | 111,132,653 |
TOTAL SHARES & DEPOSITS | 246,690,276 |
TOTAL LIABILITIES | 249,267,126 |
Regular Reserve | 1,921,461 |
Other Reserves | -37,780 |
Undivided Earnings | 41,070,039 |
TOTAL EQUITY | 42,953,720 |
TOTAL LIABILITIES, SHARES, & EQUITY | 292,220,846 |
INCOME & EXPENSE | |
Loan Income | 7,711,649 |
Investment Income | 474,602 |
Other Income | 341,500 |
Total Employee Compensation & Benefits | 3,099,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,017,932 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 115,000 |
Cost of Funds | 1,340,260 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,708,534 |
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