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Brooklyn Cooperative Federal Credit Union

Popular Accounts at this Credit Union

0.50%1-year CD12 Month CD
0.20%SavingsSimple Savings
0.20%SavingsSimple Savings w/ATM Card

Overview / Commentary
718.418.8232 x200
1474 Myrtle Ave
Brooklyn, NY 11237-5128

Brooklyn Cooperative Federal Credit Union is headquartered in Brooklyn and is the 172nd largest credit union in the state of New York. It is also the 3,255th largest credit union in the nation. It was established in 2000 and as of September of 2017, it had grown to 15 employees and 6,507 members at 2 locations. Brooklyn Cooperative Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, volunteer or worship in Bushwick or Bedford-Stuyvesant.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Brooklyn Cooperative Federal Credit Union has a low asset base.

Health Grade Components

NCUA #24642
Year Chartered2000
Primary Regulator
Profit Margin
Return on Assets - YTD0.08%
Return on Equity - YTD0.99%
Annual Interest Income$825.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$22.8MM$22.2MM
LoansQ3 2017vs Q3 2016$17.1MM$15.6MM
DepositsQ3 2017vs Q3 2016$20.0MM$18.9MM
Equity CapitalQ3 2017vs Q3 2016$1.8MM$1.8MM
Secondary CapitalQ3 2017vs Q3 2016$100.00K
Loan Loss AllowanceQ3 2017vs Q3 2016$103.00K$111.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$197.00K$325.00K
Real Estate OwnedQ3 2017vs Q3 2016$171.00K$0
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Brooklyn Cooperative Federal Credit Union Savings Account Rates

0.50%--High Yield Savings
0.20%--Simple Savings
0.20%--Simple Savings w/ATM Card
0.20%--Gateway Savings (2 yr limit)

Brooklyn Cooperative Federal Credit Union CD Rates

0.50%$500-12 Month CD
0.30%$500-3 Month CD
0.30%$500-6 Month CD

Brooklyn Cooperative Federal Credit Union Locations
Branch Office834 Dekalb AveBrooklyn, NY 11221-1401
Branch Office1474 Myrtle AveBrooklyn, NY 11237-5128