Dec, 31, 2023 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 7 branch locations and about $305.84 million in total assets. Opened 44 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 12,090 members and employs 40 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) | 1 Valero Way SAN ANTONIO, TX 78249-1616 |
| Phone: | (210) 750-8333 |
| Fax: | (210) 345-2338 |
| Website: | https://www.synergyfcu.org |
| Branches: | 7 branch locations |
| Members: | 12,090 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $305,838,981 |
| CEO/Manager: | Sean Murphy |
| Chairperson: | Evelyn Miles-Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,408,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,682,002 |
| Unsecured Loans | 9,615,336 |
| Other Loans | 124,814,537 |
| TOTAL LOANS | 256,111,875 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,681 |
| Land And Building | 0 |
| Other Fixed Assets | 242,258 |
| NCUSIF Deposit | 2,400,168 |
| All Other Assets | 0 |
| TOTAL ASSETS | 305,838,981 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 668,026 |
| Notes & Interest Payable | 11,809,159 |
| Accounts Payable & Other Liabilities | 441,466 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,970,458 |
| Regular shares | 69,073,314 |
| All Other Shares & Deposits | 138,364,730 |
| TOTAL SHARES & DEPOSITS | 251,408,502 |
| TOTAL LIABILITIES | 264,327,153 |
| Regular Reserve | 0 |
| Other Reserves | -3,744,139 |
| Undivided Earnings | 45,255,967 |
| TOTAL EQUITY | 41,511,828 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 305,838,981 |
| INCOME & EXPENSE | |
| Loan Income | 8,811,204 |
| Investment Income | 1,075,764 |
| Other Income | 589,309 |
| Total Employee Compensation & Benefits | 3,449,426 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,497,243 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 5,772,979 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -79,879 |
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