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Overview / Commentary
24 Glen Ave
Cooperstown, NY 13326-1122

Leatherstocking Region Credit Union is headquartered in Cooperstown and is the 123rd largest credit union in the state of New York. It is also the 2,504th largest credit union in the nation. It was established in 1977 and as of March of 2014, it had grown to 8 employees and 4,602 members. Leatherstocking Region Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Otsego County, New York. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Leatherstocking Region Credit Union has a low asset base.

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 Leatherstocking Region Credit Union had $410,000 in non-current loans and owned real-estate with $4.04 million in equity and loan loss allowances on hand to cover it. This gives Leatherstocking Region Credit Union a Texas Ratio of 10.14% 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 Leatherstocking Region Credit Union experienced no significant changes from 7.57% as of March 31, 2013 to 10.14% as of March 31, 2014, resulting in a negative change of 33.88%. This indicates that the balance sheet and financial strength for Leatherstocking Region Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Leatherstocking Region Credit Union has increased its total deposits by $2.18 million, resulting in 6% 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 Leatherstocking Region Credit Union 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. Leatherstocking Region Credit Union has $42.53 million in assets with $4.04 million in equity, resulting in a capitalization level of 9.51%, which is above average.

Institution Statistics

NCUA #22625
Year Chartered1977
Primary Regulator
Assets and Liabilities
Assets$42.53 million
Loans$19.66 million
Deposits$38.59 million
Equity Capital$3.88 million
Loan Loss Allowance$165,000
Unbacked Noncurrent Loans$410,000
Real Estate Owned$0
Historic Data - March 2013
Assets$40.20 million
Equity Capital$3.71 million
Loan Loss Allowance$157,000
Unbacked Noncurrent Loans$410,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.34%
Return on Assets-0.66%
Return on Equity-7.22%
Interest Income$317,000
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Leatherstocking Region Credit Union Savings Account Rates

0.10%$25k-Preferred Savings
0.03%$500-Share Savings
0.03%$500$5kIRA Shares
0.03%$500$5kRoth IRA Shares
0.03%$500$5kCoverdell Education Savings Shares
0.03%$500$5kSEP IRA Shares

Leatherstocking Region Credit Union Money Market Rates

0.03%$2,500-Money Market Account

Leatherstocking Region Credit Union CD Rates

1.00%$1k-60 Month Share Certificate
0.75%$1k-48-59 Month Share Certificate
0.50%$25-12 Month Smart Start Certificate
0.50%$1k-36-47 Month Share Certificate
0.25%$1k-24-35 Month Share Certificate
0.10%$1k-6-11 Month Share Certificate
0.10%$1k-12-23 Month Share Certificate

Leatherstocking Region Credit Union IRA Rates

1.00%$1k$5k60 Month IRA Certificate
0.75%$1k$5k48 Month IRA Certificate
0.50%$25$5k12 Month Roth IRA Start Smart Certificate
0.25%$1k$5k24 Month IRA Certificate

Leatherstocking Region Credit Union Locations
Branch Office24 Glen AveCooperstown, NY 13326-1122