Sunmark Credit Union is headquartered in Latham and is the 27th largest credit union in the state of New York. It is also the 527th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 170 employees and 47,309 members. Sunmark Credit Union's money market rates are 2X the national average, and it has a B+ health rating.
Must live, work, worship or attend school in Albany, Rensselaer, Saratoga, Schenectady, Schoharie or Montgomery County. Also open to employees of one of Sunmark's Community Business Partners. - See Details
I have had the worst experience of my life purchasing a home thanks to this bank. They took a once in a lifetime experience and made it pure misery from start to finish.
This bank has a decent amount of features and the online uses are nice, but god forbid you should ever have to speak with a human that works there. EVERY time I call, usually because of a bank error, I am treated incredibly rudely. They generally will treat you as if you are a stupid child and blame you for any error. I've been with this bank for nearly twenty years and I'm almost at my breaking point.
I've been doing my banking at Sunmark for a few years. I am always pleased with the great service I get from the staff. Very helpful and great attitude to me. Loan rates are very good, I have refinanced my mortgage with them and had an auto loan. I would definitely recommend them.
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 Sunmark Credit Union had $3.87 million in non-current loans and owned real-estate with $35.05 million in equity and loan loss allowances on hand to cover it. This gives Sunmark Credit Union a Texas Ratio of 11.05% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sunmark Credit Union decreased slightly from 12.83% as of December 31, 2012 to 11.05% as of December 31, 2013, resulting in a positive change of 13.86%.This indicates that the balance sheet and financial strength for Sunmark Credit Union has improved slightly in recent periods.
In the past year, Sunmark Credit Union has increased its total deposits by $24.79 million, resulting in 7.34% 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 Sunmark 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. Sunmark Credit Union has $401.33 million in assets with $35.05 million in equity, resulting in a capitalization level of 8.73%, which is average.
|Assets and Liabilities|
|Equity Capital||$33.17 million|
|Loan Loss Allowance||$1.88 million|
|Unbacked Noncurrent Loans||$3.13 million|
|Real Estate Owned||$741,000|
|Historic Data - December 2012|
|Equity Capital||$31.10 million|
|Loan Loss Allowance||$2.26 million|
|Unbacked Noncurrent Loans||$3.13 million|
|Real Estate Owned||$832,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.14%|
|Return on Assets||0.45%|
|Return on Equity||5.41%|
|Interest Income||$15.27 million|
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|0.10%||$100||-||Special Event Savings Plan|
|0.05%||$100||-||Silver Savings Plan|
|0.05%||-||-||Membership Savings Plan|
|1.00%||$5k||-||Premium Investor Money Market Account|
|0.50%||$5k||-||Investor Money Market Account|
|0.30%||$100k||-||Money Market Account|
|0.00%||-||-||Totally Free Checking|
|0.85%||$500||-||5 Year CD|
|0.75%||$500||-||4 Year CD|
|0.60%||$500||-||3 Year CD|
|0.45%||$500||-||2 Year CD|
|0.20%||$500||-||1 Year CD|
|0.10%||$500||-||90 Day CD|
|0.10%||$500||-||6 Month CD|
|0.85%||$500||-||5 Year IRA|
|0.83%||-||-||18 Month IRA|
|0.75%||$500||-||4 Year IRA|
|0.60%||$500||-||3 Year IRA|
|0.45%||$500||-||2 Year IRA|
|0.20%||$500||-||1 Year IRA|
|Sunmark Credit Union Locations|
|Branch Office||113 Holland Ave||Albany, NY 12208|
|Branch Office||1 Clinton Sq Rm 117||Albany, NY 12207-2201|
|Branch Office||40 Buffington St||Watervliet, NY 12189-4050|
|Branch Office||2 Tower Way||Clifton Park, NY 12065|
|Branch Office||33 Branch 1 River Road||Schenectady, NY 12345-0001|
|Branch Office||251 Saratoga Rd||Glenville, NY 12302|
|Branch Office||1847 Central Ave||Colonie, NY 12205|
|Branch Office||1187 Troy Schenectady Rd||Latham, NY 12110-1085|
|Branch Office||202 Northline Rd||Ballston Spa, NY 12020-2408|
|Branch Office||1616 Broadway||Schenectady, NY 12306|