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Overview / Commentary
1030 Craft Rd
Ithaca, NY 14850

CFCU Community is headquartered in Ithaca and is the 19st largest credit union in the state of New York. It is also the 255th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 149 employees and 60,470 members. CFCU Community has a A+ health rating.

Field of Membership Restrictions

Anyone who lives, works or attends school in Tompkins or Cortland counties, as well as any business or organization located in Tompkins or Cortland counties, is eligible to join. In each instance where a person is eligible for membership, his or her spouse, and their lineal ancestors and descendants, including persons related by adoption, are also eligible for membership. - See Details

Reviews (1)

A Solid Credit Union -- CFCU

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.


Data for Q1 2014

Institution Health


Texas Ratio


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 CFCU Community had $1.27 million in non-current loans and owned real-estate with $113.05 million in equity and loan loss allowances on hand to cover it. This gives CFCU Community a Texas Ratio of 1.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for CFCU Community experienced no significant changes from 1.18% as of March 31, 2013 to 1.13% as of March 31, 2014, resulting in a positive change of 4.53%.This indicates that the balance sheet and financial strength for CFCU Community has had no significant changes in recent periods.

Deposit Growth


In the past year, CFCU Community has increased its total deposits by $26.79 million, resulting in 3.61% 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.



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 $884.46 million in assets with $113.05 million in equity, resulting in a capitalization level of 12.78%, which is excellent.

Institution Statistics

NCUA #68322
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$884.46 million
Loans$530.26 million
Deposits$768.78 million
Equity Capital$112.17 million
Loan Loss Allowance$885,000
Unbacked Noncurrent Loans$1.27 million
Real Estate Owned$0
Historic Data - March 2013
Assets$850.95 million
Equity Capital$104.80 million
Loan Loss Allowance$850,000
Unbacked Noncurrent Loans$1.27 million
Real Estate Owned$102,000
Profit Margin - Quarterly
Return on Assets0.96%
Return on Equity7.54%
Interest Income$6.33 million

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CFCU Community Savings Account Rates

0.15%$100-IRA Account
0.15%$100-Roth IRA Account
0.15%$100-Coverdell ESA Savings
0.05%$100-Share Savings Account
0.05%$100-Clubs Account
0.05%--Business Savings Accounts
0.05%--Business Club Accounts

CFCU Community Money Market Rates

0.20%$100k-Money Market Accounts

CFCU Community Checking Account Rates

0.20%$100k-Premiere Business Checking
0.03%$500-Share Draft Premiere Checking Account
0.01%$200-Share Draft Classic Checking Account

CFCU Community CD Rates

1.50%$100k-50 Month Jumbo Share Certificate
1.45%$25k-60 Month Share Certificate
1.35%$25k-50 Month Share Certificate
1.20%$25k-48 Month Share Certificate
1.10%$100k-30 Month Jumbo Share Certificate
1.05%$25k-36 Month Share Certificate
0.95%$25k-30 Month Share Certificate
0.85%$100k-20 Month Jumbo Share Certificate
0.80%$25k-24 Month Share Certificate
0.70%$25k-20 Month Share Certificate
0.60%$100k-10 Month Jumbo Share Certificate
0.55%$25k-18 Month Share Certificate
0.50%$25k-12 Month Share Certificate
0.45%$25k-10 Month Share Certificate
0.35%$25k-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

CFCU Community IRA Rates

1.50%$100k-50 Month Jumbo IRA Share Certificate
1.45%$25k-60 Month IRA Share Certificate
1.35%$25k-50 Month IRA Share Certificate
1.20%$25k-48 Month IRA Share Certificate
1.10%$100k-30 Month Jumbo IRA Share Certificate
1.05%$25k-36 Month IRA Share Certificate
0.95%$25k-30 Month IRA Share Certificate
0.85%$100k-20 Month Jumbo IRA Share Certificate
0.80%$25k-24 Month IRA Share Certificate
0.70%$25k-20 Month IRA Share Certificate
0.60%$100k-10 Month Jumbo IRA Share Certificate
0.55%$25k-18 Month IRA Share Certificate
0.50%$25k-12 Month IRA Share Certificate
0.45%$25k-10 Month IRA Share Certificate
0.35%$25k-6 Month IRA Share Certificate
0.20%$500-3 Month IRA Share Certificate

CFCU Community Locations
Branch Office182 Port Watson StCortland, NY 130452812
Branch Office15 Central AveIthaca, NY 14853-5901
Branch Office1001 W Tower Ithaca CollegeIthaca, NY 148507080
Branch Office3910 State Route 281 Tops PlazaCortland, NY 13045-8851
Branch Office1050 Craft RdIthaca, NY 148501016
Branch Office800 Warren RdIthaca, NY 148501266
Branch Office99 Sheraton DrIthaca, NY 148501601
Branch Office409 N Meadow St State RT13Ithaca, NY 148503226
Branch Office1022 Ellis Hollow RdIthaca, NY 14850-2808
Branch Office1030 Craft RdIthaca, NY 14850