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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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