Jun, 30, 2024 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 7 branch locations and about $299.54 million in total assets. Opened 45 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 12,664 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) | 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: | 12,664 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $299,539,919 |
| CEO/Manager: | Sean Murphy |
| Chairperson: | Evelyn Miles-Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,882,204 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 114,160,263 |
| Unsecured Loans | 8,009,402 |
| Other Loans | 107,901,186 |
| TOTAL LOANS | 230,070,851 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,095 |
| Land And Building | 0 |
| Other Fixed Assets | 271,291 |
| NCUSIF Deposit | 2,036,424 |
| All Other Assets | 0 |
| TOTAL ASSETS | 299,539,919 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,229 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,013,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,990,475 |
| Regular shares | 97,137,444 |
| All Other Shares & Deposits | 112,213,074 |
| TOTAL SHARES & DEPOSITS | 256,340,993 |
| TOTAL LIABILITIES | 259,428,633 |
| Regular Reserve | 0 |
| Other Reserves | -2,500,733 |
| Undivided Earnings | 42,612,019 |
| TOTAL EQUITY | 40,111,286 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 299,539,919 |
| INCOME & EXPENSE | |
| Loan Income | 5,720,610 |
| Investment Income | 648,900 |
| Other Income | 286,910 |
| Total Employee Compensation & Benefits | 2,239,248 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,621,175 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,000 |
| Cost of Funds | 838,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,541,980 |
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