Dec, 31, 2023 — SYRACUSE COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 3 branch locations and about $40.32 million in total assets. Opened 42 years ago in 1982, SYRACUSE COOPERATIVE FEDERAL CREDIT UNION has about 6,088 members and employs 27 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 |
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Address: (Main Office) | 1816 Erie Blvd E SYRACUSE, NY 13210 |
Phone: | (315) 471-1116 |
Fax: | (315) 476-0567 |
Website: | https://www.cooperativefederal.org |
Branches: | 3 branch locations |
Members: | 6,088 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23865 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $40,321,417 |
CEO/Manager: | Christina Sauve |
Chairperson: | Frank R Cetera |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,918,970 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,239,009 |
Unsecured Loans | 1,608,793 |
Other Loans | 4,210,748 |
TOTAL LOANS | 30,058,547 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -864,833 |
Land And Building | 1,835,792 |
Other Fixed Assets | 405,214 |
NCUSIF Deposit | 274,251 |
All Other Assets | 0 |
TOTAL ASSETS | 40,321,417 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 606,667 |
Accounts Payable & Other Liabilities | 5,492,977 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,410,000 |
Share Drafts | 10,143,071 |
Regular shares | 8,556,535 |
All Other Shares & Deposits | 12,638,529 |
TOTAL SHARES & DEPOSITS | 31,338,135 |
TOTAL LIABILITIES | 38,847,779 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,473,638 |
TOTAL EQUITY | 1,473,638 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,321,417 |
INCOME & EXPENSE | |
Loan Income | 1,637,591 |
Investment Income | 101,249 |
Other Income | 498,757 |
Total Employee Compensation & Benefits | 1,501,150 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,626,992 |
Non-operating Income & (Expense) | 1,359,340 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,312 |
Cost of Funds | 111,552 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 334,560 |
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