Cooperative Federal

Overview / Commentary

www.cooperativefederal.org

315-471-1116

800 N Salina St Ste 200
SYRACUSE, NY 13208

Cooperative Federal is headquartered in SYRACUSE and is the 155^th largest credit union in the state of New York. It is also the 2,923^rd largest credit union in the nation. It was established in 1982 and as of December of 2021, it had grown to 23 employees and 5,482 members at 7 locations. Cooperative Federal has a C health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the City of Syracuse. Also open to employees, members and volunteers of several select local organizations.
See current membership details

Reviews (1)

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First Experience with a Credit Union - fantastic!

Posted by: BrianG | Feb 15, 2015

I went to college in the Syracuse area, and ended up living right down the street from their Westcott office. They offered higher interest rates than ant bank I have used since, and were helpful and nice. Not only this, but the account functioned perfectly, rivaling the service of some of the bigger banks. I called up years later to inquire about the same account (I left all of $2.50 there from my college days), and they went out of their way to help me track the information. I'd still be banking with them if they had a branch in the New York City area. They come highly recommended, and a great local choice in Syracuse, NY, especially for local Syracuse University students.

Comment

Health

Data as of Q4 2021

Learn why bank health matters

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. Cooperative Federal has a low asset base.

Health Grade Components

Overall
NCUA #	23865
Year Chartered	1982
Employees	23
Primary Regulator

Profit Margin
Return on Assets - YTD	1.76%
Return on Equity - YTD	41.17%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$33.9MM$29.8MM
Loans	Q4 2021vs Q4 2020	$26.3MM$22.6MM
Deposits	Q4 2021vs Q4 2020	$28.6MM$26.8MM
Equity Capital	Q4 2021vs Q4 2020	$1.5MM$861.00K
Secondary Capital	Q4 2021vs Q4 2020	$990.00K
Loan Loss Allowance	Q4 2021vs Q4 2020	$373.00K$445.00K
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$1.6MM$1.6MM
Real Estate Owned	Q4 2021vs Q4 2020	$21.00K$34.00K

Rates

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Savings
Money Market
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Cooperative Federal; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cooperative Federal Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%^*	$1k^*	-	IRA Shares
OTHER TIERS: 0.02% → $50 - $1k
0.02%	$50	-	Share Savings
0.02%	$50	-	Business Share Savings

Cooperative Federal Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%	$2.5k	-	Super Share Money Market
0.03%	$2.5k	-	Business Super Share Money Market
0.02%	$4.5k	-	Super Share Money Market Checking
0.02%	$4.5k	-	Business Super Share Checking Account

Cooperative Federal CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.46%^*	$245k^*	-	48 Month CD
OTHER TIERS: 0.40% → $1k - $50k \| 0.43% → $50k - $100k \| 0.45% → $100k - $245k
0.46%^*	$245k^*	-	60 Month CD
OTHER TIERS: 0.40% → $1k - $50k \| 0.43% → $50k - $100k \| 0.45% → $100k - $245k
0.31%^*	$245k^*	-	36 Month CD
OTHER TIERS: 0.25% → $1k - $50k \| 0.28% → $50k - $100k \| 0.30% → $100k - $245k
0.21%^*	$245k^*	-	24 Month CD
OTHER TIERS: 0.15% → $1k - $50k \| 0.18% → $50k - $100k \| 0.20% → $100k - $245k
0.21%^*	$245k^*	-	30 Month CD
OTHER TIERS: 0.15% → $1k - $50k \| 0.18% → $50k - $100k \| 0.20% → $100k - $245k
0.16%^*	$245k^*	-	12 Month CD
OTHER TIERS: 0.10% → $4k - $50k \| 0.13% → $50k - $100k \| 0.15% → $100k - $245k
0.16%^*	$245k^*	-	18 Month CD
OTHER TIERS: 0.10% → $4k - $50k \| 0.13% → $50k - $100k \| 0.15% → $100k - $245k
0.11%^*	$245k^*	-	3 Month CD
OTHER TIERS: 0.05% → $4k - $50k \| 0.08% → $50k - $100k \| 0.10% → $100k - $245k
0.11%^*	$245k^*	-	6 Month CD
OTHER TIERS: 0.05% → $4k - $50k \| 0.08% → $50k - $100k \| 0.10% → $100k - $245k

Cooperative Federal IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.46%^*	$245k^*	-	48 Month IRA
OTHER TIERS: 0.40% → $1k - $50k \| 0.43% → $50k - $100k \| 0.45% → $100k - $245k
0.46%^*	$245k^*	-	60 Month IRA
OTHER TIERS: 0.40% → $1k - $50k \| 0.43% → $50k - $100k \| 0.45% → $100k - $245k
0.31%^*	$245k^*	-	36 Month IRA
OTHER TIERS: 0.25% → $1k - $50k \| 0.28% → $50k - $100k \| 0.30% → $100k - $245k
0.21%^*	$245k^*	-	24 Month IRA
OTHER TIERS: 0.15% → $1k - $50k \| 0.18% → $50k - $100k \| 0.20% → $100k - $245k
0.16%^*	$245k^*	-	12 Month IRA
OTHER TIERS: 0.10% → $1k - $50k \| 0.13% → $50k - $100k \| 0.15% → $100k - $245k

Locations

Cooperative Federal Locations
Branch Office	Fowler High School 227 MAGNOLIA ST	SYRACUSE, NY 13204
Branch Office	401 South Ave (in the Southwest Community Center)	Syracuse, NY 13204
Branch Office	723 Westcott St	Syracuse, NY 13210-2542
Branch Office	800 N SALINA ST STE 200	SYRACUSE, NY 13208-2513
Branch Office	3100 E Genesee St	Syracuse, NY 13224-1647
Branch Office	Henninger High School 600 Robinson St	Syracuse, NY 13206
Branch Office	516 Burt St	Syracuse, NY 13202

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