Sep, 30, 2025 — BROOKLYN COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 2 branch locations and about $55.30 million in total assets. Opened 26 years ago in 2000, BROOKLYN COOPERATIVE FEDERAL CREDIT UNION has about 7,348 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROOKLYN COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1474 Myrtle Ave BROOKLYN, NY 11237-5128 |
| Phone: | (718) 418-8232 |
| Fax: | (718) 418-8252 |
| Website: | https://www.brooklyn.coop |
| Branches: | 2 branch locations |
| Members: | 7,348 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24642 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2000 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,298,614 |
| CEO/Manager: | Samira Rajan |
| Chairperson: | Jose Rolando Guzman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,977,520 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,282,305 |
| Unsecured Loans | 3,349,194 |
| Other Loans | 5,695,110 |
| TOTAL LOANS | 41,345,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,135 |
| Land And Building | 2,830,000 |
| Other Fixed Assets | 1,382,300 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 411,450 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,298,614 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 30,257 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,463,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,256,036 |
| Regular shares | 23,270,572 |
| All Other Shares & Deposits | 13,798,633 |
| TOTAL SHARES & DEPOSITS | 47,325,241 |
| TOTAL LIABILITIES | 49,819,465 |
| Regular Reserve | 0 |
| Other Reserves | 3,344,593 |
| Undivided Earnings | 2,134,556 |
| TOTAL EQUITY | 5,479,149 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,298,614 |
| INCOME & EXPENSE | |
| Loan Income | 1,752,782 |
| Investment Income | 107,245 |
| Other Income | 452,827 |
| Total Employee Compensation & Benefits | 1,563,685 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,655,587 |
| Non-operating Income & (Expense) | 1,336,932 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,670 |
| Cost of Funds | 235,157 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 132,283 |
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