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SYRACUSE POSTAL FEDERAL CREDIT UNION

Jun, 30, 2021 — SYRACUSE POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 1 branch location and about $17.99 million in total assets. Opened 87 years ago in 1934, SYRACUSE POSTAL FEDERAL CREDIT UNION has about 1,278 members and employs 3 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 POSTAL FEDERAL CREDIT UNION
Address:
(Main Office)
5640 E TAFT RD
SYRACUSE, NY 13220
Phone:(315) 458-5550
Fax:(315) 458-9930
Website:n/a
Branches:1 branch locations
Members:1,278
Credit Union Type:Federal Credit Union
Charter Number:24387
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,993,961
CEO/Manager:Tanya K Buffham
Chairperson:robert m medico

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,500,501
TOTAL INVESTMENTS 9,598,871
Loans Held for Sale 0
 
 Real Estate Loans 40,021
 Unsecured Loans 1,141,608
 Other Loans 568,111
 TOTAL LOANS 1,749,740
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,292
 Land And Building 0
 Other Fixed Assets 7,389
 NCUSIF Deposit 151,852
 All Other Assets 9,900
  TOTAL ASSETS 17,993,961
LIABILITIES & CAPITAL:  
 Dividends Payable 13,829
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 189,128
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,043,123
 Regular shares 13,263,941
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 16,307,064
  TOTAL LIABILITIES 16,510,021
 Regular Reserve 112,483
 Other Reserves 0
 Undivided Earnings 1,371,457
  TOTAL EQUITY 1,483,940
  TOTAL LIABILITIES, SHARES, & EQUITY 17,993,961
INCOME & EXPENSE  
 Loan Income 64,722
 Investment Income 78,168
 Other Income 8,058
 Total Employee Compensation & Benefits 72,868
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 63,759
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25,621
 Cost of Funds 24,767
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,029
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