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800-232-0450
313 State St
Carthage, NY 13619

Carthage Federal Savings and Loan Association is headquartered in Carthage and is the 122nd largest bank in the state of New York. It is also the 3,258th largest bank in the nation. It was established in 1888 and as of June of 2014, it had grown to 37 employees at 4 locations. Carthage Federal Savings and Loan Association's money market rates are 14% higher than the national average, and it boasts a A+ health rating.

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Reviews (1)

Moved 40 Miles From The Closest Branch, I Kept All Of My Accounts With CFS&L.

Everyone at every branch always goes above and far beyond to make business with them pleasent.  Great tellers, great loan department.  Very competent people.  They never make mistakes.  Even after I moved 40 miles from the closest branch, I kept all of my accounts with CFS&L.



Health

Data for Q2 2014

Institution Health

A+

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 June 30, 2014 Carthage Federal Savings and Loan Association had $660,000 in non-current loans and owned real-estate with $20.13 million in equity and loan loss allowances on hand to cover it. This gives Carthage Federal Savings and Loan Association a Texas Ratio of 3.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Carthage Federal Savings and Loan Association decreased slightly from 4.09% as of June 30, 2013 to 3.28% as of June 30, 2014, resulting in a positive change of 19.87%.This indicates that the balance sheet and financial strength for Carthage Federal Savings and Loan Association has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Carthage Federal Savings and Loan Association has increased its total deposits by $5.58 million, resulting in 3.84% 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 Carthage Federal Savings and Loan Association has shown is excellent.

Capitalization

GRADE:
A

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. Carthage Federal Savings and Loan Association has $180.33 million in assets with $20.13 million in equity, resulting in a capitalization level of 11.16%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28942
Year Established1888
Employees37
Primary RegulatorOCC
Assets and Liabilities
Assets$180.33 million
Loans$147.11 million
Deposits$150.84 million
Equity Capital$19.40 million
Loan Loss Allowance$724,000
Unbacked Noncurrent Loans$328,000
Real Estate Owned$332,000
Historic Data - June 2013
Assets$171.01 million
Equity Capital$17.90 million
Loan Loss Allowance$672,000
Unbacked Noncurrent Loans$328,000
Real Estate Owned$603,000
Profit Margin - Quarterly
Return on Assets0.71%
Return on Equity6.59%
Interest Income$3.55 million
Rates

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

Carthage Federal Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Statement
0.10%--Passbook
0.10%--Christmas Club

Carthage Federal Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$40k$10mMoney Market Account

Carthage Federal Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$2,500$25kHigh Interest Checking
0.10%--50+ Free Interest Checking
0.10%--VIP Free Interest Checking
0.00%--Totally Free Checking

Carthage Federal Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-72 Month CD
1.75%$500-59 Month CD
1.50%$500-60 Month CD (One Time Rate Change Option)
1.00%$500-48 Month CD
0.75%$500-36 Month CD
0.50%$2,500-6 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month CD
0.50%$500-24 Month CD
0.50%$500-30 Month CD
0.50%$500-31 Month CD (One Time Rate Change Option)
0.50%$500-15 Month CD Special

Carthage Federal Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-72 Month IRA
1.75%$500-59 Month IRA
1.50%$500-60 Month IRA (One Time Rate Change Option)
1.00%$500-48 Month IRA
0.75%$500-36 Month IRA
0.50%$2,500-6 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month IRA
0.50%$500-24 Month IRA
0.50%$500-30 Month IRA
0.50%$500-31 Month IRA (One Time Rate Change Option)
0.50%$500-15 Month IRA Special
Locations


Carthage Federal Savings and Loan Association Locations
Watertown Branch146 Arsenal St. Ste. 11Watertown, NY 13601
Carthage Federal Savings and Loan Association313 State StCarthage, NY 13619
Clayton Branch325 State StreetClayton, NY 13624