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SARATOGA'S COMMUNITY FEDERAL CREDIT UNION

Sep, 30, 2021 — SARATOGA'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Saratoga Spring, NY with 2 branch locations and about $55.96 million in total assets. Opened 77 years ago in 1945, SARATOGA'S COMMUNITY FEDERAL CREDIT UNION has about 5,753 members and employs 16 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)
23 Division St
Saratoga Spring, NY 12866-2113
Phone:(518) 583-2323
Fax:(518) 583-9143
Website:https://saratogafcu.org
Branches:2 branch locations
Members:5,753
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$55,957,213
CEO/Manager:Donald Denofio
Chairperson:Jane Decoteau

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,105,448
TOTAL INVESTMENTS 3,548,000
Loans Held for Sale 0
 
 Real Estate Loans 22,524,261
 Unsecured Loans 6,026,065
 Other Loans 9,005,283
 TOTAL LOANS 37,555,609
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,798
 Land And Building 283,399
 Other Fixed Assets 17,954
 NCUSIF Deposit 427,849
 All Other Assets 1,078,752
  TOTAL ASSETS 55,957,213
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,952
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,787,412
 Regular shares 28,713,982
 All Other Shares & Deposits 6,256,780
  TOTAL SHARES & DEPOSITS 52,758,174
  TOTAL LIABILITIES 52,762,126
 Regular Reserve 1,145,581
 Other Reserves 0
 Undivided Earnings 2,049,506
  TOTAL EQUITY 3,195,087
  TOTAL LIABILITIES, SHARES, & EQUITY 55,957,213
INCOME & EXPENSE  
 Loan Income 1,204,372
 Investment Income 20,859
 Other Income 204,516
 Total Employee Compensation & Benefits 796,354
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 968,908
 Non-operating Income & (Expense) 17,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -30,540
 Cost of Funds 42,079
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 131,305
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