Cooperative Federal

Overview / Commentary
SYRACUSE, NY 13208-2513

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

Reviews (1)

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.

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

NCUA #23865
Year Chartered1982
Primary Regulator
Profit Margin
Return on Assets - YTD-0.89%
Return on Equity - YTD-32.1%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$26.5MM$26.5MM
LoansQ4 2018vs Q4 2017$21.7MM$21.8MM
DepositsQ4 2018vs Q4 2017$23.4MM$23.6MM
Equity CapitalQ4 2018vs Q4 2017$732.00K$964.00K
Secondary CapitalQ4 2018vs Q4 2017$997.00K
Loan Loss AllowanceQ4 2018vs Q4 2017$345.00K$147.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.7MM$1.5MM
Real Estate OwnedQ4 2018vs Q4 2017$290.00K$282.00K

Rates for Cooperative Federal are currently being reviewed.


Cooperative Federal Locations
Branch OfficeFowler High School 227 MAGNOLIA STSYRACUSE, NY 13204
Branch Office401 South Ave (in the Southwest Community Center)Syracuse, NY 13204
Branch Office723 Westcott StSyracuse, NY 13210-2542
Branch Office800 N SALINA ST STE 200SYRACUSE, NY 13208-2513
Branch Office3100 E Genesee StSyracuse, NY 13224-1647
Branch OfficeHenninger High School 600 Robinson StSyracuse, NY 13206
Branch Office516 Burt StSyracuse, NY 13202

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