5 star ratingAverage User Rating:
5 star rating based on 1 review.

Cfcu Community

Cfcu Community Locations
1030 Craft Road
Ithaca, NY 14850
607-257-8500
www.mycfcu.com

Cfcu Community is headquartered in Ithaca and is the 18st largest credit union in the state of New York. It is also the 240th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 133 employees and 58,962 members. Cfcu Community has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Cfcu Community Checking Account Rates

ApyMinMaxProduct
0.35%$100k-Premiere Business Checking
0.05%$500-Share Draft Premiere Checking Account
0.01%$200-Share Draft Classic Checking Account

Cfcu Community Savings Account Rates

ApyMinMaxProduct
0.30%$100-IRA Account
0.10%$100-Share Savings Account
0.10%$100-Clubs Account
0.10%--Business Savings Accounts
0.10%--Business Club Accounts

Cfcu Community Money Market Rates

ApyMinMaxProduct
0.35%$100k-Money Market Accounts

Cfcu Community CD Rates

ApyMinMaxProduct
1.85%$25k-60 Month Share Certificate
1.75%$100k-50 Month Jumbo Share Certificate
1.60%$25k-50 Month Share Certificate
1.30%$25k-36 Month Share Certificate
1.15%$100k-20 Month Jumbo Share Certificate
1.05%$25k-24 Month Share Certificate
1.00%$25k-20 Month Share Certificate
0.85%$25k-18 Month Share Certificate
0.70%$100k-10 Month Jumbo Share Certificate
0.65%$25k-12 Month Share Certificate
0.55%$25k-10 Month Share Certificate
0.40%$25k-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Cfcu Community IRA Rates

ApyMinMaxProduct
1.85%$25k-60 Month IRA Share Certificate
1.85%$25k-60 Month Roth IRA Share Certificate
1.85%$25k-60 Month Coverdell ESA Share Certificate
1.75%$100k-50 Month Jumbo IRA Share Certificate
1.75%$100k-50 Month Jumbo Roth IRA Share Certificate
1.75%$100k-50 Month Jumbo Coverdell ESA Share Certificate
1.60%$25k-50 Month IRA Share Certificate
1.60%$25k-50 Month Roth IRA Share Certificate
1.60%$25k-50 Month Coverdell ESA Share Certificate
1.30%$25k-36 Month IRA Share Certificate
1.30%$25k-36 Month Roth IRA Share Certificate
1.30%$25k-36 Month Coverdell ESA Share Certificate
1.15%$100k-20 Month Jumbo IRA Share Certificate
1.15%$100k-20 Month Jumbo Roth IRA Share Certificate
1.15%$100k-20 Month Jumbo Coverdell ESA Share Certificate
1.05%$25k-24 Month IRA Share Certificate
1.05%$25k-24 Month Roth IRA Share Certificate
1.05%$25k-24 Month Coverdell ESA Share Certificate
1.00%$25k-20 Month IRA Share Certificate
1.00%$25k-20 Month Roth IRA Share Certificate
1.00%$25k-20 Month Coverdell ESA Share Certificate
0.70%$100k-10 Month Jumbo IRA Share Certificate
0.70%$100k-10 Month Jumbo Roth IRA Share Certificate
0.70%$100k-10 Month Jumbo Coverdell ESA Share Certificate
0.55%$25k-10 Month IRA Share Certificate
0.55%$25k-10 Month Roth IRA Share Certificate
0.55%$25k-10 Month Coverdell ESA Share Certificate

Rates updated: 5/12/2012

Data for Q4 2011


Institution Statistics


CFCU COMMUNITY
NCUA #68322
BankRate ReportView
Year Chartered1953
Employees133
Primary Regulator

Assets and Liabilities

Assets$800.86 million
Loans$402.87 million
Deposits$703.57 million
Equity Capital$92.99 million
Loan Loss Allowance$705,000
Unbacked Noncurrent Loans$1.56 million

Historic Data - December 2010

Assets$729.17 million
Equity Capital$89.36 million
Loan Loss Allowance$645,000
Unbacked Noncurrent Loans$2.21 million

Profit Margin - Quarterly

Net Interest Margin4.76%
Return on Assets0.33%
Return on Equity2.81%
Interest Income$21.53 million
Non-Interest Income$7.32 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Cfcu Community had $1.56 million in non-current loans and owned real-estate with $93.7 million in equity and loan loss allowances on hand to cover it. This gives Cfcu Community a Texas Ratio of 1.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Cfcu Community decreased slightly from 2.46% as of December 31, 2010 to 1.66% as of December 31, 2011, resulting in a positive change of 32.50%.This indicates that the balance sheet and financial strength for Cfcu Community has improved slightly in recent periods.
Deposit Growth5
In the past year, Cfcu Community has increased its total deposits by $69.28 million, resulting in 10.92% 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 Cfcu Community has shown is excellent.
Capitalization4
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. Cfcu Community has $800.86 million in assets with $93.7 million in equity, resulting in a capitalization level of 11.70%, which is above average.
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A Solid Credit Union -- CFCU
5 stars - painisbeauty - Friday, March 11, 2011 - 7:25 AM

I was a member of CFCU while I attended Ithaca College in Ithaca, New York. I chose CFCU because they had a branch on campus, but I stayed with CFCU because they had excellent customer service. I was always treated well when I had to deposit a check or had a question about their policies. For example, I needed to take out a loan. They explained to me what my options were and answered every question I had about repayment. CFCU is generally very helpful and want their customers to save money. Once, when I had a withdrawal that was going to overdraft, they called me up to try and get me to deposit money to fix it before they had to charge me. The only downside was that they didn't have any online banking at the time, but they now offer that service. I highly recommend that Tompkins County residents get a CFCU account.

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