Sep, 30, 2025 — SYRACUSE COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 2 branch locations and about $43.17 million in total assets. Opened 44 years ago in 1982, SYRACUSE COOPERATIVE FEDERAL CREDIT UNION has about 3,614 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYRACUSE COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1816 Erie Blvd E SYRACUSE, NY 13210 |
| Phone: | (315) 471-1116 |
| Fax: | (315) 476-0567 |
| Website: | https://www.cooperativefederal.org |
| Branches: | 2 branch locations |
| Members: | 3,614 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23865 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $43,173,687 |
| CEO/Manager: | Christina Sauve |
| Chairperson: | Moise P Laub |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,272,699 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,539,496 |
| Unsecured Loans | 1,680,955 |
| Other Loans | 4,708,059 |
| TOTAL LOANS | 34,928,511 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -862,397 |
| Land And Building | 2,675,499 |
| Other Fixed Assets | 340,315 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 277,183 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,173,687 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,831 |
| Notes & Interest Payable | 863,334 |
| Accounts Payable & Other Liabilities | 2,343,394 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,045,000 |
| Share Drafts | 11,713,635 |
| Regular shares | 8,104,827 |
| All Other Shares & Deposits | 15,067,480 |
| TOTAL SHARES & DEPOSITS | 34,885,942 |
| TOTAL LIABILITIES | 39,149,501 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,024,186 |
| TOTAL EQUITY | 4,024,186 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,173,687 |
| INCOME & EXPENSE | |
| Loan Income | 1,704,181 |
| Investment Income | 178,589 |
| Other Income | 282,010 |
| Total Employee Compensation & Benefits | 1,431,733 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,213,616 |
| Non-operating Income & (Expense) | 2,509,494 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 183,587 |
| Cost of Funds | 250,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,614,939 |
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