Brooklyn Cooperative Federal Credit Union

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A short history of Brooklyn Cooperative FCU

Since its inception in 2000 the Brooklyn Cooperative Federal Credit Union has been serving its members in the Brooklyn, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Samira Rajan, the Brooklyn Cooperative FCU has grown its membership to over 6,422 with assets of more than $23,099,092. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (718) 418-8232 or email them at info@brooklyn.coop to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Brooklyn, NY.

General Information For Brooklyn Cooperative FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24642
Address 1474 Myrtle Ave 
City Brooklyn 
State New York 
Zip-Code 11237
Phone Number (718) 418-8232
Fax Number (718) 418-8252
Email Address: info@brooklyn.coop
CEO/President Samira Rajan
Members 6,422 
Full-Time Employees 15 
Part-Time Employees
Number of Branch Offices
Total Assets 23,099,092 
Website http://www.brooklyn.coop 

Compare Brooklyn Cooperative Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Good Counsel CU Good Counsel FCU 915 Putnam Ave 11221 (917) 652-4600 No 1.15
Italo-american CU Italo-American 6650 Myrtle Ave 11385 (718) 366-6422 No 1.69
Transfiguration Parish CU Transfig Parish 429 Broadway 11211 (718) 388-0729 No 1.83
Concord CU Concord Baptist 833 Marcy Ave 11216 (718) 622-0623 No 1.95
Berea CU Berea FCU 1641 Bergen St 11213 (718) 778-5617 No 1.97

Brooklyn Cooperative Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Brooklyn Cooperative Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.10 9.40 10.80 5.10 5.30
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 261 619 765 278 265
Rank Among All New York Credit Unions 46 148 173 88 88

Brooklyn Cooperative Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 N/A 1.00 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 N/A 174 N/A
Rank Among All New York Credit Unions N/A 34 N/A 34 N/A
Brooklyn Cooperative Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.10049101,318
All Other Unsecured Loans/Lines of Credit 10.1009053,869,131
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 9.400447,154
Used Vehicle Loans 10.800419,168
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.1004810,148,482
Total Other Real Estate Loans/Lines of Credit 5.30010403,171
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.9002932,489,486
TOTAL LOANS & LEASES 1,31317,077,910

Brooklyn Cooperative Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 3961,7581200,000
    b. 15 Years or less 202,872,317172,000
Balloon/Hybrid
    a. > 15 years 61,342,9651249,920
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 4497,8891150,000
Adjustable Rate > 1 yr 154,473,55341,519,623

OTHER REAL ESTATE

Closed-End Fixed Rate 245,76000
Closed-End Adjustable Rate 4148,79300
Open-End Adjustable Rate 4208,6182250,000
Open-End Fixed Rate 0000
TOTALS 5810,551,653102,441,543

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Brooklyn Cooperative Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes