Cross County Federal Savings

79-21 Metropolitan Avenue
Middle Village, NY 11379
718-326-6300
www.crosscounty.com

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Since 1888, when Cross County Federal Savings Bank was first founded, customer satisfaction has been the driving force behind all they do. It is the foundation upon which Cross County Federal Savings Bank was built, and remains who they are today.

Respecting the individual financial goal of their customers, by way of providing products and services customized to suit those needs, awards them with leadership in the communities they service; communities they are proud to serve and be a part of.

Ha, Thats Stupid (Forum) - 2/9/2010

ha, thats stupid. i was amazed to see this as an earned interest rate. from a tiny bank. of course too good to be true

Uh, Hello, The 4 (Forum) - 1/13/2010

uh, hello, the 4.75% is a LOAN rate, not interest you earn!

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

Cross County Federal Savings Checking Account Rates

Apy	Min	Max	Product
0.40%	$7,500	-	Preferred Checking
0.05%	-	-	Interest Checking

Cross County Federal Savings Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	Savings
0.20%	-	-	Holiday Club
0.20%	-	-	Business Savings Rate

Cross County Federal Savings Money Market Rates

Apy	Min	Max	Product
0.50%	$15k	-	Platinum Money Market
0.40%	$75k	-	Money Market Account

Cross County Federal Savings CD Rates

Apy	Min	Max	Product
1.40%	$500	-	60 Month CD
1.00%	$500	-	48 Month CD
0.95%	$500	-	36 Month CD
0.85%	$500	-	30 Month CD
0.75%	$500	-	24 Month CD
0.60%	$500	-	18 Month CD
0.50%	$500	-	12 Month CD
0.40%	$500	-	14 Month CD
0.30%	$500	-	6 Month CD
0.25%	$500	-	7 Month CD
0.25%	$500	-	8 Month CD
0.25%	$500	-	9 Month CD
0.25%	$500	-	10 Month CD
0.20%	$500	-	3 Month CD

Cross County Federal Savings IRA Rates

Apy	Min	Max	Product
1.40%	$500	-	60 Month IRA
1.00%	$500	-	48 Month IRA
0.95%	$500	-	36 Month IRA
0.85%	$500	-	30 Month IRA
0.75%	$500	-	24 Month IRA
0.60%	$500	-	18 Month IRA
0.50%	$500	-	12 Month IRA
0.40%	$500	-	14 Month IRA
0.30%	$500	-	6 Month IRA
0.25%	$500	-	7 Month IRA
0.25%	$500	-	8 Month IRA
0.25%	$500	-	9 Month IRA
0.25%	$500	-	10 Month IRA
0.20%	$500	-	3 Month IRA
0.11%	$100	-	18 Month Variable Rate IRA

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

Cross County Savings Bank
OTS #	05066
FDIC Certificate #	30260
BankRate Report	View
Year Established	1888
Employees	85
Primary Regulator	FDIC
Assets and Liabilities
Assets	$415.73 million
Loans	$231.66 million
Deposits	$374.21 million
Equity Capital	$38.16 million
Loan Loss Allowance	$1.40 million
Unbacked Noncurrent Loans	$1.78 million
Historic Data - December 2011
Assets	$411.65 million
Equity Capital	$35.71 million
Loan Loss Allowance	$1.67 million
Unbacked Noncurrent Loans	$4.72 million
Profit Margin - Quarterly
Net Interest Margin	3.5%
Return on Assets	0.44%
Return on Equity	4.89%
Interest Income	$15.64 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 Cross County Federal Savings had $1.78 million in non-current loans and owned real-estate with $39.56 million in equity and loan loss allowances on hand to cover it. This gives Cross County Federal Savings a Texas Ratio of 4.51% 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 Cross County Federal Savings decreased significantly from 12.63% as of December 31, 2011 to 4.51% as of December 31, 2012, resulting in a positive change of 64.30%.This indicates that the balance sheet and financial strength for Cross County Federal Savings has improved significantly in recent periods.
Deposit Growth
In the past year, Cross County Federal Savings has increased its total deposits by $224,000, resulting in 0.06% 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 Cross County Federal Savings has shown is average.
Capitalization
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. Cross County Federal Savings has $415.73 million in assets with $39.56 million in equity, resulting in a capitalization level of 9.52%, which is average.