Lenders › Brooklyn Cooperative Federal Credit Union
7(a) lenderBrooklyn, New Yorkcredit union413th of 2,184 by approvals
Brooklyn Cooperative Federal Credit Union
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Brooklyn Cooperative Federal Credit Union (Brooklyn, New York) is a credit union in the SBA 7(a) program, 413th of 2,184 by approvals in FY2021 to FY2025: 70 loans worth $1.9M.
In FY2025, the latest complete fiscal year, it had 15 approvals totalling $532K, down 12% on FY2024 (17). FY2026 to 30 Jun 2026 adds 5 more.
The median approval was $15K, against $190K for the 7(a) program as a whole; 100.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 6 counties, led by New York (97.1%), Michigan (1.4%) and Arizona (1.4%). The largest industry group was professional, scientific, and technical services at 15.7% of approvals.
Of 306 disbursed loans approved in FY2010 to FY2021, SBA records 30 as charged off (9.8%), 260 as paid in full and 16 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 5 | $860K | $50K | $172K | 67 |
| FY2025 | 15 | $532K | $20K | $35K | 102 |
| FY2024 | 17 | $553K | $15K | $33K | 107 |
| FY2023 | 11 | $264K | $15K | $24K | 46 |
| FY2022 | 17 | $339K | $10K | $20K | 80 |
| FY2021 | 10 | $170K | $15K | $17K | 23 |
| FY2020 | 16 | $459K | $28K | $29K | 61 |
| FY2019 | 25 | $535K | $15K | $21K | 106 |
| FY2018 | 15 | $384K | $25K | $26K | 77 |
| FY2017 | 26 | $757K | $20K | $29K | 124 |
| FY2016 | 34 | $695K | $15K | $20K | 156 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 116 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New York | 7(a) program |
|---|---|---|---|
| Approvals in these years | 318 | 39,899 | 639,905 |
| Cancelled or never disbursed | 12 | 5,223 | 79,313 |
| Disbursed loans | 306 | 34,676 | 560,592 |
| Paid in full | 260 | 26,873 | 435,813 |
| Charged off | 30 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 16 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 9.8% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 7.2% | 3.2% | 2.5% |
| Dollars charged off | $575K | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 10 | 5 | 1 | — | 2.8% |
| FY2020 | 15 | 8 | 2 | — | 4.0% |
| FY2019 | 25 | 22 | 1 | — | 6.7% |
| FY2018 | 15 | 14 | 1 | — | 7.9% |
| FY2017 | 26 | 20 | 5 | — | 7.7% |
| FY2016 | 32 | 28 | 2 | 6.3% | 7.2% |
| FY2015 | 30 | 26 | 2 | 6.7% | 6.9% |
| FY2014 | 40 | 36 | 4 | 10.0% | 6.4% |
| FY2013 | 31 | 30 | 1 | 3.2% | 6.0% |
| FY2012 | 30 | 28 | 2 | 6.7% | 6.3% |
| FY2011 | 27 | 21 | 6 | — | 6.9% |
| FY2010 | 25 | 22 | 3 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $15K | $190K |
| Average approval | $27K | $518K |
| Approvals of $150,000 or less | 100.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 44.3% | 34.3% |
| Approvals to franchise businesses | 0.0% | 11.5% |
| Jobs supported per approval, as reported | 5.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 9.8% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 68 | $1.8M | 97.1% | |
| 2 | Michigan | 1 | — | 1.4% | |
| 3 | Arizona | 1 | — | 1.4% |
In New York the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Kings County, NY | 57 | $1.5M | 81.4% | |
| 2 | New York County, NY | 7 | $308K | 10.0% | |
| 3 | Queens County, NY | 3 | $22K | 4.3% | |
| 4 | Washtenaw County, MI | 1 | — | 1.4% | |
| 5 | Maricopa County, AZ | 1 | — | 1.4% | |
| 6 | Suffolk County, NY | 1 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 11 | 15.7% | |
| 2 | Accommodation and Food Services | 10 | 14.3% | |
| 3 | Other Services (except Public Administration) | 10 | 14.3% | |
| 4 | Retail Trade | 8 | 11.4% | |
| 5 | Arts, Entertainment, and Recreation | 6 | 8.6% | |
| 6 | Educational Services | 5 | 7.1% | |
| 7 | Health Care and Social Assistance | 4 | 5.7% | |
| 8 | Transportation and Warehousing | 4 | 5.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 10.0% | |
| 2 | Personal Care ServicesNAICS 8121 | 6 | 8.6% | |
| 3 | Specialized Design ServicesNAICS 5414 | 4 | 5.7% | |
| 4 | Grocery StoresNAICS 4451 | 4 | 5.7% | |
| 5 | Taxi and Limousine ServiceNAICS 4853 | 4 | 5.7% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 4.3% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 4.3% | |
| 8 | Independent Artists, Writers, and PerformersNAICS 7115 | 3 | 4.3% | |
| 9 | Promoters of Performing Arts, Sports, and Similar EventsNAICS 7113 | 3 | 4.3% | |
| 10 | Special Food ServicesNAICS 7223 | 2 | 2.9% |
Approval sizes
- $50,000 or less90.0%63
- $50,001 to $150,00010.0%7
Loan terms
- 5 years or less81.4%57
- Over 5 to 10 years18.6%13
Age of the businesses
- Existing, more than 2 years old55.7%39
- New business, 2 years or less20.0%14
- Startup, loan funds will open the business24.3%17
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 65 | 92.9% | |
| 2 | 7a General | 5 | 7.1% |
Franchise share
0 of 70 approvals in FY2021–FY2025 (0.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
Questions and answers
How many SBA loans does Brooklyn Cooperative Federal Credit Union make?
SBA approved 15 7(a) loans through Brooklyn Cooperative Federal Credit Union in FY2025, worth $532K, and 70 over FY2021 to FY2025. That ranks 413th of 2,184 active 7(a) lenders by number of approvals.
How large are Brooklyn Cooperative Federal Credit Union's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $15K and the average $27K. The program-wide median was $190K.
What is Brooklyn Cooperative Federal Credit Union's charge-off rate?
Of 306 disbursed loans approved in FY2010 to FY2021, SBA records 30 as charged off (9.8%), 260 as paid in full and 16 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Brooklyn Cooperative Federal Credit Union lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (7); personal care services (6); specialized design services (4); grocery stores (4).
Where does Brooklyn Cooperative Federal Credit Union make SBA loans?
In 3 states and territories. New York 68, Michigan 1, Arizona 1. In New York it accounts for 0.4% of all 7(a) approvals.
Is Brooklyn Cooperative Federal Credit Union's SBA lending rising?
Approvals in the three latest complete fiscal years total 43, against 43 in the three before: broadly level (0%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error