Dec, 31, 2023 — SYRACUSE FIRE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 1 branch location and about $124.67 million in total assets. Opened 74 years ago in 1950, SYRACUSE FIRE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNION has about 6,231 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYRACUSE FIRE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 211 Wilkinson St SYRACUSE, NY 13204 |
| Phone: | (315) 471-4621 |
| Fax: | (315) 476-7204 |
| Website: | https://www.syrfirecu.com |
| Branches: | 1 branch locations |
| Members: | 6,231 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6627 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $124,669,534 |
| CEO/Manager: | Roxane Bowering |
| Chairperson: | Charles Boynton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,239,779 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,351,822 |
| Unsecured Loans | 3,226,762 |
| Other Loans | 27,757,991 |
| TOTAL LOANS | 64,336,578 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,516 |
| Land And Building | 1,190,175 |
| Other Fixed Assets | 138,217 |
| NCUSIF Deposit | 1,006,101 |
| All Other Assets | 0 |
| TOTAL ASSETS | 124,669,534 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 868,529 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,876,597 |
| Regular shares | 57,864,969 |
| All Other Shares & Deposits | 34,622,417 |
| TOTAL SHARES & DEPOSITS | 107,363,984 |
| TOTAL LIABILITIES | 108,232,513 |
| Regular Reserve | 0 |
| Other Reserves | -738,039 |
| Undivided Earnings | 17,175,060 |
| TOTAL EQUITY | 16,437,021 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 124,669,534 |
| INCOME & EXPENSE | |
| Loan Income | 3,036,793 |
| Investment Income | 1,581,656 |
| Other Income | 248,903 |
| Total Employee Compensation & Benefits | 1,120,017 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,615,188 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,022 |
| Cost of Funds | 1,064,325 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,398,030 |
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