Dec, 31, 2022 — SYRACUSE COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 7 branch locations and about $34.19 million in total assets. Opened 41 years ago in 1982, SYRACUSE COOPERATIVE FEDERAL CREDIT UNION has about 5,739 members and employs 24 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) | 800 N SALINA ST STE 200 SYRACUSE, NY 13208-2513 |
| Phone: | (315) 471-1116 |
| Fax: | |
| Website: | https://www.cooperativefederal.org |
| Branches: | 7 branch locations |
| Members: | 5,739 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $34,194,686 |
| CEO/Manager: | Christina Sauve |
| Chairperson: | Frank R Cetera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,461,835 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,225,779 |
| Unsecured Loans | 1,457,752 |
| Other Loans | 2,481,641 |
| TOTAL LOANS | 27,165,172 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -366,074 |
| Land And Building | 1,030,032 |
| Other Fixed Assets | 198,530 |
| NCUSIF Deposit | 274,251 |
| All Other Assets | 49,159 |
| TOTAL ASSETS | 34,194,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 220,000 |
| Accounts Payable & Other Liabilities | 2,287,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 930,000 |
| Share Drafts | 10,198,661 |
| Regular shares | 8,676,886 |
| All Other Shares & Deposits | 10,353,256 |
| TOTAL SHARES & DEPOSITS | 29,228,803 |
| TOTAL LIABILITIES | 32,666,160 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,528,526 |
| TOTAL EQUITY | 1,528,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,194,686 |
| INCOME & EXPENSE | |
| Loan Income | 990,473 |
| Investment Income | 29,752 |
| Other Income | 393,359 |
| Total Employee Compensation & Benefits | 943,231 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 930,540 |
| Non-operating Income & (Expense) | 707,989 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,166 |
| Cost of Funds | 39,085 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,410 |
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