Dec, 31, 2021 — SARATOGA'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SARATOGA SPRINGS, NY with 2 branch locations and about $58.08 million in total assets. Opened 77 years ago in 1945, SARATOGA'S COMMUNITY FEDERAL CREDIT UNION has about 5,733 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 |
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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: | 5,733 |
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: | $58,081,541 |
CEO/Manager: | Donald Denofio |
Chairperson: | Jane Decoteau |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,489,538 |
TOTAL INVESTMENTS | 3,548,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,917,557 |
Unsecured Loans | 6,068,566 |
Other Loans | 9,271,855 |
TOTAL LOANS | 39,257,978 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,978 |
Land And Building | 279,489 |
Other Fixed Assets | 16,053 |
NCUSIF Deposit | 495,441 |
All Other Assets | 1,061,020 |
TOTAL ASSETS | 58,081,541 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,623 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,681,151 |
Regular shares | 29,954,332 |
All Other Shares & Deposits | 6,302,476 |
TOTAL SHARES & DEPOSITS | 54,937,959 |
TOTAL LIABILITIES | 54,967,582 |
Regular Reserve | 1,145,581 |
Other Reserves | 0 |
Undivided Earnings | 1,968,378 |
TOTAL EQUITY | 3,113,959 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,081,541 |
INCOME & EXPENSE | |
Loan Income | 1,623,773 |
Investment Income | 26,504 |
Other Income | 253,847 |
Total Employee Compensation & Benefits | 1,098,057 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,292,449 |
Non-operating Income & (Expense) | 17,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -27,580 |
Cost of Funds | 56,521 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,177 |
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