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SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SCHENECTADY, NY with 2 branch locations and about $5.01 million in total assets. Opened 60 years ago in 1964, SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 670 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCHENECTADY COUNTY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
388 Broadway
SCHENECTADY, NY 12305
Phone:(518) 374-3830
Fax:(518) 374-3899
Website:https://schcofcu.org
Branches:2 branch locations
Members:670
Credit Union Type:Federal Credit Union
Charter Number:16278
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:May 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,007,473
CEO/Manager:Denelle Albert
Chairperson:Robert J Dantz

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 210,900
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 781,313
 Other Loans 3,208,371
 TOTAL LOANS 3,989,684
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,080
 Land And Building 0
 Other Fixed Assets 139,380
 NCUSIF Deposit 48,406
 All Other Assets 0
  TOTAL ASSETS 5,007,473
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 31,310
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 371,002
 Regular shares 3,743,613
 All Other Shares & Deposits 505,647
  TOTAL SHARES & DEPOSITS 4,620,262
  TOTAL LIABILITIES 4,651,572
 Regular Reserve 0
 Other Reserves 108,652
 Undivided Earnings 247,249
  TOTAL EQUITY 355,901
  TOTAL LIABILITIES, SHARES, & EQUITY 5,007,473
INCOME & EXPENSE  
 Loan Income 226,619
 Investment Income 30,780
 Other Income 20,886
 Total Employee Compensation & Benefits 92,132
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 122,418
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 22,622
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,365
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