Mar, 31, 2022 — SYNERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 7 branch locations and about $313.81 million in total assets. Opened 42 years ago in 1980, SYNERGY FEDERAL CREDIT UNION has about 11,709 members and employs 36 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: | 11,709 |
| 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: | $313,812,052 |
| CEO/Manager: | Sean Murphy |
| Chairperson: | Evelyn Miles-Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,578,339 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 113,491,535 |
| Unsecured Loans | 7,540,643 |
| Other Loans | 93,151,372 |
| TOTAL LOANS | 214,183,550 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -274,334 |
| Land And Building | 0 |
| Other Fixed Assets | 317,638 |
| NCUSIF Deposit | 2,094,041 |
| All Other Assets | 0 |
| TOTAL ASSETS | 313,812,052 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,623 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,911,748 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,508,745 |
| Regular shares | 101,661,037 |
| All Other Shares & Deposits | 115,249,622 |
| TOTAL SHARES & DEPOSITS | 269,419,404 |
| TOTAL LIABILITIES | 271,405,775 |
| Regular Reserve | 0 |
| Other Reserves | 769,013 |
| Undivided Earnings | 41,637,264 |
| TOTAL EQUITY | 42,406,277 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 313,812,052 |
| INCOME & EXPENSE | |
| Loan Income | 1,856,824 |
| Investment Income | 158,078 |
| Other Income | 84,372 |
| Total Employee Compensation & Benefits | 749,030 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 514,582 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 270,867 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 567,225 |
| ↑ Back to Top | |