Cooperative Federal is headquartered in SYRACUSE and is the 157th largest credit union in the state of New York. It is also the 3,029th largest credit union in the nation. It was established in 1982 and as of December of 2018, it had grown to 22 employees and 4,779 members at 7 locations. Cooperative Federal has a D 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
First Experience with a Credit Union - fantastic!
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23865 |
| Year Chartered | 1982 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.89% |
| Return on Equity - YTD | -32.1% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $26.5MM$26.5MM |
| Loans | Q4 2018vs Q4 2017 | $21.7MM$21.8MM |
| Deposits | Q4 2018vs Q4 2017 | $23.4MM$23.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $732.00K$964.00K |
| Secondary Capital | Q4 2018vs Q4 2017 | $997.00K |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $345.00K$147.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.7MM$1.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $290.00K$282.00K |
Rates for Cooperative Federal are currently being reviewed.
| 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 |