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P.O. Box 957
Syracuse, NY 13201

Money Credit Union is headquartered in syracuse and is the 124th largest credit union in the state of New York. It is also the 2,533rd largest credit union in the nation. It was established in 1976 and as of December of 2013, it had grown to 7 employees and 3,990 members. Money Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Onondaga, Oswego, Cayuga or Madison County. - See Details

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Data for Q4 2013

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. Money Credit Union has a low asset base.

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, 2013 Money Credit Union had $20,000 in non-current loans and owned real-estate with $5.15 million in equity and loan loss allowances on hand to cover it. This gives Money Credit Union a Texas Ratio of 0.39% 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 Money Credit Union decreased dramatically from 2.70% as of December 31, 2012 to 0.39% as of December 31, 2013, resulting in a positive change of 85.61%.This indicates that the balance sheet and financial strength for Money Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Money Credit Union has decreased its total deposits by -$3.7 million, resulting in -9.41% 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 Money Credit Union has shown is below 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. Money Credit Union has $40.88 million in assets with $5.15 million in equity, resulting in a capitalization level of 12.59%, which is excellent.

Institution Statistics

NCUA #22566
Year Chartered1976
Primary Regulator
Assets and Liabilities
Assets$40.88 million
Loans$29.31 million
Deposits$35.67 million
Equity Capital$5.06 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Historic Data - December 2012
Assets$44.44 million
Equity Capital$4.93 million
Loan Loss Allowance$65,000
Unbacked Noncurrent Loans$20,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.99%
Return on Assets0.66%
Return on Equity5.36%
Interest Income$1.60 million
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Money Credit Union Savings Account Rates

0.15%--IRA Savings Account
0.15%--Roth IRA Savings Account
0.15%--Coverdell Education Savings Account
0.10%$100-Regular Savings Account
0.10%--Holiday Club Account
0.10%--Vacation Club Account
0.10%--U-Name It Account
0.10%--Teen Club Account
0.10%--MONKey Kids Club Account

Money Credit Union Money Market Rates

0.25%$75k-Money Market Savings Account

Money Credit Union CD Rates

1.26%$500-60 Month CD
1.01%$500-48 Month CD
0.75%$500-36 Month CD
0.50%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.30%$500-15 Month CD
0.20%$500-6 Month CD
0.20%$500-9 Month CD
0.15%$500-3 Month CD

Money Credit Union IRA Rates

1.26%$500-60 Month IRA (Traditional,Roth,CESA)
1.01%$500-48 Month IRA (Traditional,Roth,CESA)
0.75%$500-36 Month IRA (Traditional,Roth,CESA)
0.50%$500-24 Month IRA (Traditional,Roth,CESA)
0.30%$500-12 Month IRA (Traditional,Roth,CESA)

Money Credit Union Locations
Branch Office100 Madison StSyracuse, NY 13202