Overview / Commentary
Sing Sing Employees Federal Credit Union is headquartered in Ossining and is the 218th largest credit union in the state of New York. It is also the 3,789th largest credit union in the nation. It was established in 1941 and as of March of 2022, it had grown to 5 employees and 1,371 members at 1 location. Sing Sing Employees Federal Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.
Reviews (1)
Membership
Posted by: Anon456 | Jun 30, 2020
Sounds like a closed organization.
Q) What is the field of membership ?
A) Prisons
Sounds like an in person visit may be required.
( this is NOT a joke. Actual answer I got when I called )
Health
B+
Data as of Q1 2022
Learn why bank health mattersAdditional 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. Sing Sing Employees Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4441 |
| Year Chartered | 1941 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.81% |
| Return on Equity - YTD | -5.4% |
| Annual Interest Income | $135.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $12.9MM$11.7MM |
| Loans | Q1 2022vs Q1 2021 | $3.4MM$3.2MM |
| Deposits | Q1 2022vs Q1 2021 | $10.9MM$9.9MM |
| Equity Capital | Q1 2022vs Q1 2021 | $1.9MM$1.8MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $102.00K$169.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $42.00K$128.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |