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SYRACUSE COOPERATIVE FEDERAL CREDIT UNION

Dec, 31, 2021 — SYRACUSE COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 7 branch locations and about $33.94 million in total assets. Opened 40 years ago in 1982, SYRACUSE COOPERATIVE FEDERAL CREDIT UNION has about 5,482 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
Address:
(Main Office)
800 N SALINA ST STE 200
SYRACUSE, NY 13208-2513
Phone:(315) 471-1116
Fax:
Website:http://www.cooperativefederal.org
Branches:7 branch locations
Members:5,482
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$33,940,933
CEO/Manager:Christina Sauve
Chairperson:Frank R Cetera

Call Report

  • Credit Builder
  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,118,071
TOTAL INVESTMENTS 419,674
Loans Held for Sale 0
 
 Real Estate Loans 22,405,053
 Unsecured Loans 1,314,918
 Other Loans 2,576,888
 TOTAL LOANS 26,296,859
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -373,467
 Land And Building 875,333
 Other Fixed Assets 90,746
 NCUSIF Deposit 257,727
 All Other Assets 1,255,990
  TOTAL ASSETS 33,940,933
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 200,172
 Accounts Payable & Other Liabilities 2,642,338
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 990,000
 Share Drafts 9,907,981
 Regular shares 9,001,543
 All Other Shares & Deposits 9,734,782
  TOTAL SHARES & DEPOSITS 28,644,306
  TOTAL LIABILITIES 32,476,816
 Regular Reserve 282,952
 Other Reserves 0
 Undivided Earnings 1,181,165
  TOTAL EQUITY 1,464,117
  TOTAL LIABILITIES, SHARES, & EQUITY 33,940,933
INCOME & EXPENSE  
 Loan Income 1,266,817
 Investment Income 23,384
 Other Income 556,911
 Total Employee Compensation & Benefits 1,190,881
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 938,654
 Non-operating Income & (Expense) 956,464
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 170,869
 Cost of Funds 52,700
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 603,001
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