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National Credit Union Service Organization

BROOKLYN COOPERATIVE FEDERAL CREDIT UNION

Mar, 31, 2022 — BROOKLYN COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN, NY with 2 branch locations and about $55.63 million in total assets. Opened 22 years ago in 2000, BROOKLYN COOPERATIVE FEDERAL CREDIT UNION has about 7,759 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 026084262
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:http://www.brooklyn.coop
Branches:2 branch locations
Members:7,759
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$55,631,247
CEO/Manager:Samira Rajan
Chairperson:Jose Rolando Guzman

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,916,565
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,088,600
 Unsecured Loans 4,138,238
 Other Loans 2,754,148
 TOTAL LOANS 26,980,986
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -295,869
 Land And Building 170,000
 Other Fixed Assets 422,996
 NCUSIF Deposit 427,939
 All Other Assets 0
  TOTAL ASSETS 55,631,247
LIABILITIES & CAPITAL:  
 Dividends Payable 1,697
 Notes & Interest Payable 150,000
 Accounts Payable & Other Liabilities 2,028,137
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 16,667
 Share Drafts 15,482,493
 Regular shares 29,192,252
 All Other Shares & Deposits 3,752,309
  TOTAL SHARES & DEPOSITS 48,427,054
  TOTAL LIABILITIES 50,623,555
 Regular Reserve 0
 Other Reserves 3,500,000
 Undivided Earnings 1,507,692
  TOTAL EQUITY 5,007,692
  TOTAL LIABILITIES, SHARES, & EQUITY 55,631,247
INCOME & EXPENSE  
 Loan Income 309,180
 Investment Income 25,310
 Other Income 129,227
 Total Employee Compensation & Benefits 390,238
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 390,655
 Non-operating Income & (Expense) 279,676
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 17,297
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,882
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