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315-356-3000
1916 Black River Blvd N
Rome, NY 13440-2430

Americu is headquartered in Rome and is the 12st largest credit union in the state of New York. It is also the 158th largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 255 employees and 106,753 members. Americu's savings rates are 15% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or attends schoool in the New York counties of Onondaga, Oswego, Cayuga, Madison, Jefferson, Lewis, Herkimer and qualified areas of Oneida as specified in the online application for membership. Also, you can be eligible if you have a relative who is eligible for membership. - See Details

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Reviews (4)

Ok, But There Are Issues

Sure, enticing interest rate on your Savings account (but still under 1% return!) After 3years of being an account holder, primarily using checking, savings and bill payer features.  Have had to ask about suspicious math, transacttions that did not show up on monthly statements, and math error # 3 showed up and I am done.  I don't watch my bank that closely, and I caught SIMPLE math errors (200 x 3 = 600 right?...not according to Americu).  Their bill payer requires 5-7 days notice to schedule a payment...other bill payer sites are 1 day!  Yes really! Credit Unions I mean to say....luckily I have had 2 accounts in parallel and can clearly see the difference.  americu, I wanted to give the medium size guy a chance... goodbye.  

The Last Place You Want To Go For Your Mortgage

AmeriCu is a small bank, and they will drag you for 6 months or more to close on a mortgage even if your credit is A1, or even if your loan amount is very low,



My friend has 750 credit score, he bought a single family home for $45,000 put 20% down payment, and the loan amount was just $36,000.



AmiriCU literally torture the guy, it was a never ending process and they kept asking him documents to no end, and every few weeks he had to provide them the current pay stubs again and again.



not only that but they also asked him many document that were not even mentioned on the commitment letter.

 
AmeriCU's closing attorneys Mr. John Nasto / Mike Oshins are even worse, each morning he is raising new requirements for the buyer and the SELLER, and drag the process for MONTHS.



If you want to save headache and do not want to waste your time, stay away from AmeriCU when it comes to mortgage. stick to the big banks.

 

Too Long For Mortgage Process

It could take them half a year to close, even on very small mortgages, and they keep adding requirements that were not on the commitment letter.

I love AmeriCu!

I switched from another bank when I realized how many fees I was earning to AmeriCU Credit Union 3 years ago and I've never gone back! The customer service is great; they are always willing to help you in any way they can!(even to the point of opening early so I could speak to a teller even though I could have waited and being incredibly patient and polite the whole time) Their customer service is one of the major positives about them, and I have never had a bad experience with them. Their fees are low and on the type of account I have they're basically non-existent, you can overdraft twice before you have to pay a penalty and if you have a extenuating explanation why, they try to accommodate you. Their website is very easy to use and I also have a debit card from them that I use frequently! To start an account, you only need to put $5 in your account, and that $5 keeps you a member until you withdraw it. However the one problem I have is that AmeriCU is only in a certain area (Central & Northern New York state), and if you are too far from their business radius you have to use an alternate credit union for any physical trips to the bank you may need. I have found some of their partners have terrible customer service, and they are not at all as helpful, so I really recommend using AmeriCU if you are within their radius, because I absolutely love them!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Americu had $7.32 million in non-current loans and owned real-estate with $112.8 million in equity and loan loss allowances on hand to cover it. This gives Americu a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Americu experienced no significant changes from 6.40% as of March 31, 2013 to 6.48% as of March 31, 2014, resulting in a negative change of 1.31%. This indicates that the balance sheet and financial strength for Americu has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Americu has increased its total deposits by $54.87 million, resulting in 4.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Americu has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Americu has $1.28 billion in assets with $112.8 million in equity, resulting in a capitalization level of 8.80%, which is average.

Institution Statistics

Overall
NCUA #68433
Year Chartered1978
Employees255
Primary Regulator
Assets and Liabilities
Assets$1.28 billion
Loans$1.07 billion
Deposits$1.16 billion
Equity Capital$107.56 million
Loan Loss Allowance$5.24 million
Unbacked Noncurrent Loans$5.70 million
Real Estate Owned$1.61 million
Historic Data - March 2013
Assets$1.22 billion
Equity Capital$98.88 million
Loan Loss Allowance$5.65 million
Unbacked Noncurrent Loans$5.70 million
Real Estate Owned$1.16 million
Profit Margin - Quarterly
Return on Assets0.66%
Return on Equity7.89%
Interest Income$10.71 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Americu, we are a rate comparison website and can not provide official rates or promotions.

Americu Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-HSA Checking
0.60%$100k-HSA Savings
0.35%$5k-IRA Savings Account
0.35%$5k-Roth IRA Savings Account
0.35%$5k-Coverdell ESA
0.20%$2,500-Share Savings
0.20%$2,500-Rising Stars Club
0.20%$2,500-Stars & Stripes Club
0.20%$2,500-Vacation Club
0.20%$2,500-Holiday Club
0.20%$2,500-Secured Visa Savings Share
0.10%$5k-Select Business Savings Account

Americu Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Money Market Savings
0.20%$100k-Select Business Tiered Money Market Account

Americu Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$25k-Prestigious Checking
0.20%$2,500-Performance Checking
0.20%$500-Privileged Checking
0.10%$10k-Select Business Premier Checking
0.05%$2,500-Select Business Value Checking
0.03%--Select Business Freedom Checking

Americu CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 - 72 Month Partner Certificate
1.55%$500-60 - 72 Month Connect Plus Certificate
1.50%$500-60 - 72 Month Flex/Connect Certificate
1.45%$500-60 - 72 Month Core Certificate
1.45%$500-48 - 59 Month Partner Certificate
1.40%$500-48 - 59 Month Connect Plus Certificate
1.35%$500-48 - 59 Month Flex/Connect Certificate
1.30%$500-48 - 59 Month Core Certificate
1.20%$500-36 - 47 Month Partner Certificate
1.15%$500-36 - 47 Month Connect Plus Certificate
1.10%$500-36 - 47 Month Flex/Connect Certificate
1.05%$500-36 - 47 Month Core Certificate
0.75%$1k-24 - 35 Month Partner Certificate
0.70%$1k-24 - 35 Month Connect Plus Certificate
0.65%$1k-24 - 35 Month Flex/Connect Certificate
0.65%$1k-12 - 23 Month Partner Certificate
0.65%$100k-12 Month Jumbo Partner Certificate
0.60%$1k-24 - 35 Month Core Certificate
0.60%$1k-12 - 23 Month Connect Plus Certificate
0.60%$100k-12 Month Jumbo Connect Plus Certificate
0.55%$1k-12 - 23 Month Flex/Connect Certificate
0.55%$100k-12 Month Jumbo Flex/Connect Certificate
0.50%$1k-12 - 23 Month Core Certificate
0.50%$100k-12 Month Jumbo Core Certificate
0.50%$50-3 - 12 Month Dedicated Saver Partner Certificate
0.45%$50-3 - 12 Month Dedicated Saver Connect Plus Certificate
0.45%$1k-6 - 11 Month Partner Certificate
0.45%$100k-6 Month Jumbo Partner Certificate
0.40%$50-3 - 12 Month Dedicated Saver Flex/Connect Certificate
0.40%$1k-6 - 11 Month Connect Plus Certificate
0.40%$100k-6 Month Jumbo Connect Plus Certificate
0.35%$50-3 - 12 Month Dedicated Saver Core Certificate
0.35%$1k-6 - 11 Month Flex/Connect Certificate
0.35%$100k-6 Month Jumbo Flex/Connect Certificate
0.30%$1k-6 - 11 Month Core Certificate
0.30%$100k-6 Month Jumbo Core Certificate
0.30%$1k-12 - 23 Month Select Business Certificate
0.25%$1k-3 - 5 Month Partner Certificate
0.25%$100k-3 Month Jumbo Partner Certificate
0.20%$1k-32 - 89 Day Partner Certificate
0.20%$1k-3 - 5 Month Connect Plus Certificate
0.20%$100k-3 Month Jumbo Connect Plus Certificate
0.20%$1k-6 - 11 Month Select Business Certificate
0.15%$1k-3 - 5 Month Flex/Connect Certificate
0.15%$100k-3 Month Jumbo Flex/Connect Certificate
0.15%$1k-32 - 89 Day Connect Plus Certificate
0.15%$1k-3 - 5 Month Select Business Certificate
0.10%$1k-3 - 5 Month Core Certificate
0.10%$100k-3 Month Jumbo Core Certificate
0.10%$1k-32 - 89 Day Flex/Connect Certificate
0.05%$1k-32 - 89 Day Core Certificate
0.05%$1k-32 - 89 Day Select Business Certificate

Americu IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 - 72 Month Partner IRA Certificate
1.55%$500-60 - 72 Month Connect Plus IRA Certificate
1.50%$500-60 - 72 Month Flex/Connect IRA Certificate
1.45%$500-48 - 59 Month Partner IRA Certificate
1.45%$500-60 - 72 Month Core IRA Certificate
1.40%$500-48 - 59 Month Connect Plus IRA Certificate
1.35%$500-48 - 59 Month Flex/Connect IRA Certificate
1.30%$500-48 - 59 Month Core IRA Certificate
1.20%$500-36 - 47 Month Partner IRA Certificate
1.15%$500-36 - 47 Month Connect Plus IRA Certificate
1.10%$500-36 - 47 Month Flex/Connect IRA Certificate
1.05%$500-36 - 47 Month Core IRA Certificate
0.75%$1k-24 - 35 Month Partner IRA Certificate
0.70%$1k-24 - 35 Month Connect Plus IRA Certificate
0.65%$1k-12 - 23 Month Partner IRA Certificate
0.65%$1k-24 - 35 Month Flex/Connect IRA Certificate
0.60%$1k-12 - 23 Month Connect Plus IRA Certificate
0.60%$1k-24 - 35 Month Core IRA Certificate
0.55%$1k-12 - 23 Month Flex/Connect IRA Certificate
0.50%$1k-12 - 23 Month Core IRA Certificate
0.45%$1k-6 - 11 Month Partner IRA Certificate
0.40%$1k-6 - 11 Month Connect Plus IRA Certificate
0.35%$1k-6 - 11 Month Flex/Connect IRA Certificate
0.30%$1k-6 - 11 Month Core IRA Certificate
0.25%$1k-3 - 5 Month Partner IRA Certificate
0.20%$1k-3 - 5 Month Connect Plus IRA Certificate
0.15%$1k-3 - 5 Month Flex/Connect IRA Certificate
0.10%$1k-3 - 5 Month Core IRA Certificate
Locations

Americu has 16 locations. Click to view all Americu locations.