Overview / Commentary
SECNY Federal Credit Union is headquartered in Syracuse and is the 49th largest credit union in the state of New York. It is also the 1,064th largest credit union in the nation. It was established in 1971 and as of December of 2022, it had grown to 60 employees and 15,679 members at 5 locations. SECNY Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in SECNY Federal Credit Union is open to those who live, work, worship, or attend school in the New York counties of Cayuga, Madison, Onondaga, or Oswego. Immediate family/household members of current members also qualify.
See current membership details
Health
B+
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20496 |
| Year Chartered | 1971 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 5.93% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $272.4MM$258.6MM |
| Loans | Q4 2022vs Q4 2021 | $143.7MM$133.7MM |
| Deposits | Q4 2022vs Q4 2021 | $249.8MM$237.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $19.6MM$18.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $485.00K$587.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $718.00K$472.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |