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SYRACUSE POSTAL FEDERAL CREDIT UNION

Sep, 30, 2021 — SYRACUSE POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 1 branch location and about $16.06 million in total assets. Opened 88 years ago in 1934, SYRACUSE POSTAL FEDERAL CREDIT UNION has about 1,224 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:1,224
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:$16,061,971
CEO/Manager:Tanya K Buffham
Chairperson:robert m medico

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,679,713
TOTAL INVESTMENTS 9,598,871
Loans Held for Sale 0
 
 Real Estate Loans 35,135
 Unsecured Loans 1,086,855
 Other Loans 521,764
 TOTAL LOANS 1,643,754
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,314
 Land And Building 0
 Other Fixed Assets 6,738
 NCUSIF Deposit 151,852
 All Other Assets 16,357
  TOTAL ASSETS 16,061,971
LIABILITIES & CAPITAL:  
 Dividends Payable 2,774
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 185,420
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,882,251
 Regular shares 11,531,333
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 14,413,584
  TOTAL LIABILITIES 14,601,778
 Regular Reserve 112,483
 Other Reserves 0
 Undivided Earnings 1,347,710
  TOTAL EQUITY 1,460,193
  TOTAL LIABILITIES, SHARES, & EQUITY 16,061,971
INCOME & EXPENSE  
 Loan Income 96,016
 Investment Income 91,410
 Other Income 12,632
 Total Employee Compensation & Benefits 107,303
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 125,345
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -18,591
 Cost of Funds 37,492
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,282
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