Overview / Commentary
SYRACUSE, NY 13208-2513

Cooperative Federal is headquartered in SYRACUSE and is the 162nd largest credit union in the state of New York. It is also the 3,070th largest credit union in the nation. It was established in 1982 and as of June of 2018, it had grown to 17 employees and 4,651 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)

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-0.25%
Return on Equity - YTD-7.07%
Annual Interest Income$630.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$26.4MM$24.9MM
LoansQ2 2018vs Q2 2017$21.3MM$20.9MM
DepositsQ2 2018vs Q2 2017$23.1MM$21.8MM
Equity CapitalQ2 2018vs Q2 2017$934.00K$983.00K
Secondary CapitalQ2 2018vs Q2 2017$1.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$184.00K$118.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.5MM$1.8MM
Real Estate OwnedQ2 2018vs Q2 2017$285.00K$538.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cooperative Federal Savings Account Rates

0.05%*$1k*-IRA Shares
OTHER TIERS: 0.02% $50 - $1k
0.02%$50-Share Savings

Cooperative Federal Money Market Rates

0.05%$2.5k-Super Share Money Market
0.04%$4.5k-Super Share Money Market Checking

Cooperative Federal CD Rates

0.62%*$245k*-60 Month CD
OTHER TIERS: 0.55% $1k - $50k | 0.60% $50k - $100k | 0.61% $100k - $245k
0.42%*$245k*-48 Month CD
OTHER TIERS: 0.36% $1k - $50k | 0.39% $50k - $100k | 0.41% $100k - $245k
0.37%*$245k*-36 Month CD
OTHER TIERS: 0.30% $1k - $50k | 0.35% $50k - $100k | 0.36% $100k - $245k
0.23%*$245k*-18 Month CD
OTHER TIERS: 0.16% $4k - $50k | 0.21% $50k - $100k | 0.22% $100k - $245k
0.23%*$245k*-24 Month CD
OTHER TIERS: 0.16% $1k - $50k | 0.21% $50k - $100k | 0.22% $100k - $245k
0.23%*$245k*-30 Month CD
OTHER TIERS: 0.16% $1k - $50k | 0.21% $50k - $100k | 0.22% $100k - $245k
0.22%*$245k*-12 Month CD
OTHER TIERS: 0.15% $4k - $50k | 0.20% $50k - $100k | 0.21% $100k - $245k
0.17%*$245k*-6 Month CD
OTHER TIERS: 0.10% $4k - $50k | 0.15% $50k - $100k | 0.16% $100k - $245k
0.16%*$245k*-3 Month CD
OTHER TIERS: 0.09% $4k - $50k | 0.14% $50k - $100k | 0.15% $100k - $245k

Cooperative Federal IRA Rates

0.62%*$245k*-60 Month IRA
OTHER TIERS: 0.55% $1k - $50k | 0.60% $50k - $100k | 0.61% $100k - $245k
0.47%*$245k*-48 Month IRA
OTHER TIERS: 0.40% $1k - $50k | 0.45% $50k - $100k | 0.46% $100k - $245k
0.37%*$245k*-36 Month IRA
OTHER TIERS: 0.30% $1k - $50k | 0.35% $50k - $100k | 0.36% $100k - $245k
0.22%*$245k*-12 Month IRA
OTHER TIERS: 0.15% $1k - $50k | 0.20% $50k - $100k | 0.21% $100k - $245k
0.22%*$245k*-24 Month IRA
OTHER TIERS: 0.16% $1k - $50k | 0.20% $50k - $100k | 0.21% $100k - $245k

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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