Sep, 30, 2025 — SARATOGA'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SARATOGA SPRINGS, NY with 2 branch locations and about $58.54 million in total assets. Opened 81 years ago in 1945, SARATOGA'S COMMUNITY FEDERAL CREDIT UNION has about 5,441 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SARATOGA'S COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 189 Ballston Ave SARATOGA SPRINGS, NY 12866-4715 |
| Phone: | (518) 583-2323 |
| Fax: | (518) 583-9143 |
| Website: | https://www.saratogafcu.org |
| Branches: | 2 branch locations |
| Members: | 5,441 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5252 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,539,406 |
| CEO/Manager: | Donald Denofio |
| Chairperson: | Jane Decoteau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,995,787 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,966,836 |
| Unsecured Loans | 5,565,965 |
| Other Loans | 14,510,855 |
| TOTAL LOANS | 51,043,656 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,858 |
| Land And Building | 0 |
| Other Fixed Assets | 104,667 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 520,095 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,539,406 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -120,585 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,958,328 |
| Regular shares | 21,091,644 |
| All Other Shares & Deposits | 20,023,182 |
| TOTAL SHARES & DEPOSITS | 54,073,154 |
| TOTAL LIABILITIES | 53,952,569 |
| Regular Reserve | 0 |
| Other Reserves | 1,493,226 |
| Undivided Earnings | 3,093,611 |
| TOTAL EQUITY | 4,586,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,539,406 |
| INCOME & EXPENSE | |
| Loan Income | 1,927,205 |
| Investment Income | 142,385 |
| Other Income | 242,805 |
| Total Employee Compensation & Benefits | 1,064,352 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,098,730 |
| Non-operating Income & (Expense) | 593,831 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,472 |
| Cost of Funds | 340,347 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 544,173 |
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