Brooklyn Cooperative Federal Credit Union
Overview / Commentary
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.
See current membership details
Health
C
Data as of Q1 2017
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 | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 9.63% |
| Annual Interest Income | $270.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $23.4MM$23.4MM |
| Loans | Q1 2017vs Q1 2016 | $16.7MM$15.3MM |
| Deposits | Q1 2017vs Q1 2016 | $20.3MM$20.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $1.8MM$1.8MM |
| Secondary Capital | Q1 2017vs Q1 2016 | $316.00K |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $121.00K$153.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $302.00K$329.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
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Brooklyn Cooperative Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 Office | 834 Dekalb Ave | Brooklyn, NY 11221-1401 |
| Branch Office | 1474 Myrtle Ave | Brooklyn, NY 11237-5128 |