Brooklyn Cooperative Federal Credit Union
LOCATIONS
2
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HEALTH RATING
B
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CURRENT TOP RATE
1.20% APY
12 Month CD
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Overview / Commentary
Brooklyn Cooperative Federal Credit Union is headquartered in Brooklyn and is the 147th largest credit union in the state of New York. It is also the 2,861st largest credit union in the nation. It was established in 2000 and as of December of 2019, it had grown to 16 employees and 7,267 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 Q4 2019
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 | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.04% |
| Return on Equity - YTD | 25.55% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $30.5MM$25.0MM |
| Loans | Q4 2019vs Q4 2018 | $23.7MM$18.5MM |
| Deposits | Q4 2019vs Q4 2018 | $26.9MM$22.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.4MM$1.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $162.00K$130.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $334.00K$442.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$171.00K |