Dec, 31, 2023 — SYRACUSE POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 2 branch locations and about $17.19 million in total assets. Opened 90 years ago in 1934, SYRACUSE POSTAL FEDERAL CREDIT UNION has about 1,082 members 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: | 2 branch locations |
| Members: | 1,082 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24387 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,193,391 |
| CEO/Manager: | robert m medico |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,527,942 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,297,106 |
| Other Loans | 1,638,661 |
| TOTAL LOANS | 2,935,767 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,176 |
| Land And Building | 0 |
| Other Fixed Assets | 877 |
| NCUSIF Deposit | 167,770 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,193,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 145,915 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,486,739 |
| Regular shares | 12,098,115 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 15,584,854 |
| TOTAL LIABILITIES | 15,730,769 |
| Regular Reserve | 0 |
| Other Reserves | 112,483 |
| Undivided Earnings | 1,350,139 |
| TOTAL EQUITY | 1,462,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,193,391 |
| INCOME & EXPENSE | |
| Loan Income | 151,244 |
| Investment Income | 209,341 |
| Other Income | 18,384 |
| Total Employee Compensation & Benefits | 153,383 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 187,493 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 38,434 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,616 |
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