Overview / Commentary
Sing Sing Employees Federal Credit Union is headquartered in Ossining and is the 222nd largest credit union in the state of New York. It is also the 3,773rd largest credit union in the nation. It was established in 1941 and as of June of 2023, it had grown to 6 employees and 1,378 members at 1 location. Sing Sing Employees Federal Credit Union's CD rates are 3X the national average, and it has a C+ 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
C+
Data as of Q2 2023
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, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4441 |
| Year Chartered | 1941 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -3.26% |
| Return on Equity - YTD | -20.83% |
| Annual Interest Income | $297.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $11.0MM$12.4MM |
| Loans | Q2 2023vs Q2 2022 | $3.9MM$3.4MM |
| Deposits | Q2 2023vs Q2 2022 | $9.3MM$10.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $1.7MM$1.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$103.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $71.00K$57.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |