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P.O. Box 3247
Syracuse, NY 13220

Countryside Federal Credit Union is headquartered in East Syracuse and is the 64th largest credit union in the state of New York. It is also the 1,279th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 15 employees and 8,564 members. Countryside Federal Credit Union has a A health rating.

Field of Membership Restrictions

Credit union membership is open to those who live, work, worship, or attend school in Onondaga County, New York. Membership requires a $5 minimum balance in the savings account. - See Details

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March Madness 1-Year CD Promotion at Countryside FCU in New York - Local Only - 3/17/2014

Countryside Federal Credit Union has a long history with its March Madness CD promotion. It is again offering the promotion, but the deal isn’t as good as previous ones. Like before if you pick the ri ...

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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 Countryside Federal Credit Union had $740,000 in non-current loans and owned real-estate with $16.47 million in equity and loan loss allowances on hand to cover it. This gives Countryside Federal Credit Union a Texas Ratio of 4.49% 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 Countryside Federal Credit Union decreased slightly from 5.34% as of March 31, 2013 to 4.49% as of March 31, 2014, resulting in a positive change of 15.91%.This indicates that the balance sheet and financial strength for Countryside Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Countryside Federal Credit Union has decreased its total deposits by -$1.74 million, resulting in -1.53% 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 Countryside Federal Credit Union has shown is average.



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. Countryside Federal Credit Union has $129.63 million in assets with $16.47 million in equity, resulting in a capitalization level of 12.71%, which is excellent.

Institution Statistics

NCUA #4745
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$129.63 million
Loans$99.01 million
Deposits$112.18 million
Equity Capital$16.19 million
Loan Loss Allowance$278,000
Unbacked Noncurrent Loans$740,000
Real Estate Owned$0
Historic Data - March 2013
Assets$132.30 million
Equity Capital$15.41 million
Loan Loss Allowance$275,000
Unbacked Noncurrent Loans$740,000
Real Estate Owned$213,000
Profit Margin - Quarterly
Net Interest Margin0.7%
Return on Assets0.78%
Return on Equity6.25%
Interest Income$990,000
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Countryside Federal Credit Union Savings Account Rates

0.08%--Club Savings
0.08%--IRA Daily Savings
0.08%--Roth IRA Daily Savings
0.08%--CESA Daily Savings

Countryside Federal Credit Union Money Market Rates

0.20%$25k-Money Market Account
0.13%$25k-Money Market 'like' Checking Account

Countryside Federal Credit Union CD Rates

2.05%$500-60 Month CD
1.10%$500-36 Month CD
0.65%$500-24 Month CD
0.60%$500-12 Month CD
0.45%$500-6 Month CD

Countryside Federal Credit Union IRA Rates

2.05%$500-60 Month IRA
1.10%$500-36 Month IRA
0.65%$500-24 Month IRA
0.60%$500-12 Month IRA
0.45%$500-6 Month IRA

Countryside Federal Credit Union Locations
Branch Office5720 Commons ParkEast Syracuse, NY 13057