Countryside Federal Credit Union

Countryside Federal Credit Union Locations
5720 Commons Park
East Syracuse, NY 13057
315-445-2300
www.countryside.org

Countryside Federal Credit Union is headquartered in Syracuse and is the 55th largest credit union in the state of New York. It is also the 1,168th largest credit union in the nation. It was established in 1941 and as of September of 2011, it had grown to 17 employees and 6,518 members. Countryside Federal Credit Union has a 4-star health rating.

Related Posts

March Madness 1-Year CD Special at Countryside Federal Credit Union in New York - Local Only - 3/4/2011

Countryside Federal Credit Union is again offering a special March Madness CD special. If you pick the right final four teams, you can get a 2.41% APY 1-year CD. If you don't get any picks right, you' ...

March Madness 12-Month CD with Rates up to 2.70% at Countryside FCU in New York - Local Only - 3/11/2010

Countryside Federal Credit Union is again offering a special March Madness CD. If you pick the right teams, you can get a 2.70% APY 12-month CD. The details are listed at this credit union page . The ...

3.00% 12-Month CD at Countryside FCU in New York State - 2/20/2009

Countryside Federal Credit Union is having a February certificate special with a 3.00% APY and a 15-month term. Minimum deposit is $5,000. This special is listed in the credit union's front page, and the promotion page states that the offer is scheduled...

5.50% 12-Month CD at a New York CU (Countryside Community) - 5/3/2007

Countryside Community FCU is having a May Certificate Special with a yield of 5.50% APY for a 12 month term. The minimum deposit is $5,000. The offer expires 5/31/07.Their April CD special was a little better with CD yields of 5.55% APY (see post).Field...

2007




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

Countryside Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.30%--Club Savings
0.30%--IRA Daily Savings
0.30%--Roth IRA Daily Savings
0.30%--CESA Daily Savings
0.20%$100-Savings

Countryside Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.65%$25k-Money Market Account
0.50%$25k-Money Market 'like' Checking Account

Countryside Federal Credit Union CD Rates

ApyMinMaxProduct
1.57%$500-60 Month CD
0.82%$500-24 Month CD
0.52%$500-12 Month CD
0.40%$500-6 Month CD

Countryside Federal Credit Union IRA Rates

ApyMinMaxProduct
1.57%$500-60 Month IRA
1.57%$500-60 Month CESA
1.57%$500-60 Month Roth IRA
0.82%$500-24 Month IRA
0.82%$500-24 Month CESA
0.82%$500-24 Month Roth IRA
0.52%$500-12 Month IRA
0.52%$500-12 Month CESA
0.52%$500-12 Month Roth IRA
0.40%$500-6 Month IRA
0.40%$500-6 Month CESA
0.40%$500-6 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


COUNTRYSIDE
NCUA #4745
BankRate ReportView
Year Established1941
Employees17
Primary Regulator

Assets and Liabilities

Assets$133.02 million
Loans$93.56 million
Deposits$116.98 million
Equity Capital$13.07 million
Loan Loss Allowance$306,000
Unbacked Noncurrent Loans$798,000
Real Estate Owned$320,000

Historic Data - September 2010

Assets$127.13 million
Equity Capital$11.28 million
Loan Loss Allowance$189,000
Unbacked Noncurrent Loans$701,000

Profit Margin - Quarterly

Net Interest Margin2.71%
Return on Assets1.21%
Return on Equity12.29%
Interest Income$3.86 million
Non-Interest Income$621,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 Countryside Federal Credit Union had $1.12 million in non-current loans and owned real-estate with $13.37 million in equity and loan loss allowances on hand to cover it. This gives Countryside Federal Credit Union a Texas Ratio of 8.36% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Countryside Federal Credit Union held steady from 6.11% as of September 30, 2010 to 8.36% as of September 30, 2011, resulting in a negative change of 36.75%. This indicates that the balance sheet and financial strength for Countryside Federal Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Countryside Federal Credit Union has increased its total deposits by $2.85 million, resulting in 2.5% 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 above average.
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. Countryside Federal Credit Union has $133.02 million in assets with $13.37 million in equity, resulting in a capitalization level of 10.05%, which is above average.
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