Brooklyn Cooperative Federal Credit Union

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 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.
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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

NCUA #24642
Year Chartered2000
Primary Regulator
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD0%
Annual Interest Income$390.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$29.9MM$28.4MM
LoansQ1 2020vs Q1 2019$23.7MM$19.2MM
DepositsQ1 2020vs Q1 2019$26.2MM$24.6MM
Equity CapitalQ1 2020vs Q1 2019$2.4MM$1.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$144.00K$116.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$297.00K$424.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$171.00K
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Brooklyn Cooperative Federal Credit Union Savings Account Rates

1.00%--High Yield Savings
0.20%--Simple Savings
0.20%--Simple Savings w/ATM Card

Brooklyn Cooperative Federal Credit Union CD Rates

1.20%$500-12 Month CD
0.60%$500-6 Month CD
0.40%$500-3 Month CD

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

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