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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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