Brooklyn Cooperative Federal Credit Union
LOCATIONS
2
View locations
HEALTH RATING
C+
View health report
CURRENT TOP RATE
0.50% APY
12 Month CD
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 1-year CD | 12 Month CD |
| 0.20% | Savings | Simple Savings 1.65% - Barclays Online Savings Account |
| 0.20% | Savings | Simple Savings w/ATM Card 1.65% - Barclays Online Savings Account |
Overview / Commentary
Brooklyn Cooperative Federal Credit Union is headquartered in Brooklyn and is the 165th largest credit union in the state of New York. It is also the 3,099th largest credit union in the nation. It was established in 2000 and as of March of 2018, it had grown to 17 employees and 6,712 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
Health
C+
Data as of Q1 2018
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| NCUA # | 24642 |
| Year Chartered | 2000 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.1% |
| Return on Equity - YTD | -1.37% |
| Annual Interest Income | $294.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $26.1MM$23.4MM |
| Loans | Q1 2018vs Q1 2017 | $16.9MM$16.7MM |
| Deposits | Q1 2018vs Q1 2017 | $23.2MM$20.3MM |
| Equity Capital | Q1 2018vs Q1 2017 | $1.7MM$1.8MM |
| Secondary Capital | Q1 2018vs Q1 2017 | $50.00K |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $119.00K$121.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $116.00K$302.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $171.00K$0 |
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Brooklyn Cooperative Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $500 | - | 12 Month CD | |
| 0.30% | $500 | - | 3 Month CD | |
| 0.30% | $500 | - | 6 Month CD |
Locations
| Brooklyn Cooperative Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 834 Dekalb Ave | Brooklyn, NY 11221-1401 |
| Branch Office | 1474 Myrtle Ave | Brooklyn, NY 11237-5128 |