Brooklyn Cooperative Federal Credit Union

Overview / Commentary

www.brooklyn.coop

718.418.8232 x200

1474 Myrtle Ave
Brooklyn, NY 11237-5128

Brooklyn Cooperative Federal Credit Union is headquartered in Brooklyn and is the 154^th largest credit union in the state of New York. It is also the 2,952^nd largest credit union in the nation. It was established in 2000 and as of June of 2019, it had grown to 16 employees and 7,156 members at 2 locations. Brooklyn Cooperative Federal Credit Union's CD rates are 33% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, volunteer or worship in Bushwick or Bedford-Stuyvesant.
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Health

Data as of Q2 2019

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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

Overall
NCUA #	24642
Year Chartered	2000
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	0.04%
Return on Equity - YTD	0.56%
Annual Interest Income	$686.00K

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$28.6MM$25.5MM
Loans	Q2 2019vs Q2 2018	$20.2MM$17.3MM
Deposits	Q2 2019vs Q2 2018	$24.9MM$22.8MM
Equity Capital	Q2 2019vs Q2 2018	$1.8MM$1.7MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$145.00K$111.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$316.00K$389.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$171.00K

Rates

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Savings
CD

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Brooklyn Cooperative Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	High Yield Savings
0.20%	-	-	Simple Savings
0.20%	-	-	Simple Savings w/ATM Card

Brooklyn Cooperative Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%	$500	-	12 Month CD
0.60%	$500	-	6 Month CD
0.40%	$500	-	3 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

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