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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 174th largest credit union in the state of New York. It is also the 3,262nd largest credit union in the nation. It was established in 2000 and as of March of 2017, it had grown to 15 employees and 6,038 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.
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Health
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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD9.63%
Annual Interest Income$270.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$23.4MM$23.4MM
LoansQ1 2017vs Q1 2016$16.7MM$15.3MM
DepositsQ1 2017vs Q1 2016$20.3MM$20.2MM
Equity CapitalQ1 2017vs Q1 2016$1.8MM$1.8MM
Secondary CapitalQ1 2017vs Q1 2016$316.00K
Loan Loss AllowanceQ1 2017vs Q1 2016$121.00K$153.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$302.00K$329.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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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