Overview / Commentary
Sing Sing Employees Federal Credit Union is headquartered in Ossining and is the 223rd largest credit union in the state of New York. It is also the 3,878th largest credit union in the nation. It was established in 1941 and as of June of 2021, it had grown to 4 employees and 1,420 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 Q2 2021
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 3.01% |
| Annual Interest Income | $265.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $12.1MM$11.0MM |
| Loans | Q2 2021vs Q2 2020 | $3.4MM$3.7MM |
| Deposits | Q2 2021vs Q2 2020 | $10.2MM$9.2MM |
| Equity Capital | Q2 2021vs Q2 2020 | $1.9MM$1.8MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $124.00K$156.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $96.00K$208.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |