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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 175th largest credit union in the state of New York. It is also the 3,328th largest credit union in the nation. It was established in 2000 and as of December of 2016, it had grown to 14 employees and 5,882 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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Health
C+
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 Chartered2000
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD-0.43%
Return on Equity - YTD-5.45%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$21.7MM$20.4MM
LoansQ4 2016vs Q4 2015$15.5MM$14.9MM
DepositsQ4 2016vs Q4 2015$18.4MM$17.2MM
Equity CapitalQ4 2016vs Q4 2015$1.7MM$1.8MM
Secondary CapitalQ4 2016vs Q4 2015$91.00K
Loan Loss AllowanceQ4 2016vs Q4 2015$119.00K$148.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$323.00K$331.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
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Brooklyn Cooperative Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--High Yield Savings
0.10%--Simple Savings
0.10%--Simple Savings w/ATM Card
0.10%--Gateway Savings (2 yr limit)
Locations


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