Dec, 31, 2022 — SARATOGA'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SARATOGA SPRINGS, NY with 2 branch locations and about $61.22 million in total assets. Opened 78 years ago in 1945, SARATOGA'S COMMUNITY FEDERAL CREDIT UNION has about 5,740 members and employs 15 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 |
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Address: (Main Office) | 23 Division St SARATOGA SPRINGS, NY 12866-2113 |
Phone: | (518) 583-2323 |
Fax: | (518) 583-9143 |
Website: | https://saratogafcu.org |
Branches: | 2 branch locations |
Members: | 5,740 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5252 |
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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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $61,216,905 |
CEO/Manager: | Donald Denofio |
Chairperson: | Jane Decoteau |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,236,899 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,967,949 |
Unsecured Loans | 6,059,322 |
Other Loans | 8,865,562 |
TOTAL LOANS | 48,892,833 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,816 |
Land And Building | 310,245 |
Other Fixed Assets | 50,196 |
NCUSIF Deposit | 526,920 |
All Other Assets | 43,603 |
TOTAL ASSETS | 61,216,905 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,618 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,374,563 |
Regular shares | 31,819,725 |
All Other Shares & Deposits | 6,800,740 |
TOTAL SHARES & DEPOSITS | 57,995,028 |
TOTAL LIABILITIES | 58,008,646 |
Regular Reserve | 0 |
Other Reserves | 1,263,356 |
Undivided Earnings | 1,944,903 |
TOTAL EQUITY | 3,208,259 |
TOTAL LIABILITIES, SHARES, & EQUITY | 61,216,905 |
INCOME & EXPENSE | |
Loan Income | 1,355,577 |
Investment Income | 77,654 |
Other Income | 245,597 |
Total Employee Compensation & Benefits | 780,943 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,045,833 |
Non-operating Income & (Expense) | 6,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,104 |
Cost of Funds | 22,907 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 94,300 |
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