Credit union · NCUA insured
Cooperative Federal Credit Union
A $47.4M credit union headquartered in Syracuse, NY, with 3,685 members and 3 branches in New York. Best rates: CDs 3.65% and savings 1.00% APY.
Cooperative Federal Credit Union Carrot Score
77
Carrot Score
Higher than 43% of U.S. banks and credit unions
#22 of 32 in Syracuse, NY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Cooperative Federal Credit Union
Founded in 1982 by local organizers and activists, Cooperative Federal is a member-owned credit union focused on social and economic justice.
Designated as a Low Income Credit Union and CDFI, the credit union serves Syracuse, New York by connecting communities with capital and banking services.
- Headquarters
- 1816 Erie Blvd E, Syracuse, NY 13210
- NCUA charter
- 23865
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in the City of Syracuse.
Employers and groups
- Eligible affiliates (such as employees, members, volunteers, directors, or residents) of participating Field of Membership nonprofits, associations, and local businesses.
Military, government and schools
- Students of Henninger High School and Nottingham High School; and employees, students, and families of Jowonio School and The New School.
Family and household
- Individuals who have an immediate family member or household member who lives, works, worships, or attends school in Syracuse.
Cost to join
- $5 minimum initial savings deposit to open a savings account.
- $10 one-time New Member Fee ($2 for youth under age 18), waived when account is opened online.
Branches
3 branches in New York
Loading map…
New York
3 branches
- Erie Blvd EMain office1816 Erie Blvd E, Syracuse, NY 13210Directions
- Burt St Office516 Burt St, Syracuse, NY 13202Directions
- Southwest Community Ctr401 South Ave, (in the Southwest Community Center), Syracuse, NY 13204Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.43% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 5.24% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 3.24% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $102 | $59 | — |
- CapitalNet worth ratio14.43%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late5.24%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets3.24%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$102Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Cooperative Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.