Dec, 31, 2023 — SECNY FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 6 branch locations and about $286.14 million in total assets. Opened 53 years ago in 1971, SECNY FEDERAL CREDIT UNION has about 16,058 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SECNY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4727 W Seneca Tpke SYRACUSE, NY 13215-2119 |
| Phone: | (315) 469-5599 |
| Fax: | (315) 469-5921 |
| Website: | https://www.secny.org |
| Branches: | 6 branch locations |
| Members: | 16,058 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20496 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $286,137,306 |
| CEO/Manager: | Courtney B Fulmer |
| Chairperson: | Joseph Simmons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,747,409 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 113,664,897 |
| Unsecured Loans | 11,452,087 |
| Other Loans | 30,001,064 |
| TOTAL LOANS | 155,118,047 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -531,786 |
| Land And Building | 7,263,061 |
| Other Fixed Assets | 542,815 |
| NCUSIF Deposit | 2,468,241 |
| All Other Assets | 0 |
| TOTAL ASSETS | 286,137,306 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 375 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,004,590 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,693,628 |
| Regular shares | 103,477,063 |
| All Other Shares & Deposits | 102,083,312 |
| TOTAL SHARES & DEPOSITS | 261,254,004 |
| TOTAL LIABILITIES | 265,258,969 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 20,878,337 |
| TOTAL EQUITY | 20,878,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 286,137,306 |
| INCOME & EXPENSE | |
| Loan Income | 6,952,884 |
| Investment Income | 2,600,306 |
| Other Income | 1,026,958 |
| Total Employee Compensation & Benefits | 4,354,928 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,872,856 |
| Non-operating Income & (Expense) | 199,433 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 377,485 |
| Cost of Funds | 1,823,522 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,240,755 |
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