Brooklyn Cooperative Federal Credit Union
LOCATIONS
2
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
1.20% APY
12 Month CD
View all rates
Overview / Commentary
Brooklyn Cooperative Federal Credit Union is headquartered in Brooklyn and is the 149th largest credit union in the state of New York. It is also the 2,903rd largest credit union in the nation. It was established in 2000 and as of March of 2020, it had grown to 15 employees and 7,360 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.
See current membership details
Health
B
Data as of Q1 2020
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% |
| Return on Equity - YTD | 0% |
| Annual Interest Income | $390.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $29.9MM$28.4MM |
| Loans | Q1 2020vs Q1 2019 | $23.7MM$19.2MM |
| Deposits | Q1 2020vs Q1 2019 | $26.2MM$24.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.4MM$1.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $144.00K$116.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $297.00K$424.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$171.00K |