Syracuse Fire Department Employees

Syracuse Fire Department Employees is headquartered in Syracuse and is the 85^th largest credit union in the state of New York. It is also the 1,866^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 15 employees and 5,867 members. Syracuse Fire Department Employees' money market rates are 2X the national average, and it has a 4-star health rating.

Syracuse Fire Department Employees Savings Account Rates

Syracuse Fire Department Employees Money Market Rates

Syracuse Fire Department Employees CD Rates

Syracuse Fire Department Employees IRA Rates

Data for Q4 2011

Institution Statistics SYRACUSE FIRE DEPARTMENT EMPLOYEES NCUA # 6627 BankRate Report View Year Chartered 1950 Employees 15 Primary Regulator Assets and Liabilities Assets $67.31 million Loans $45.60 million Deposits $59.12 million Equity Capital $7.66 million Loan Loss Allowance $63,000 Unbacked Noncurrent Loans $647,000 Historic Data - December 2010 Assets $59.75 million Equity Capital $7.05 million Loan Loss Allowance $90,000 Unbacked Noncurrent Loans $529,000 Real Estate Owned $60,000 Profit Margin - Quarterly Net Interest Margin 5.16% Return on Assets 0.9% Return on Equity 7.95% Interest Income $2.96 million Non-Interest Income $385,000

Institution Health Overall Score: 4 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, 2011 Syracuse Fire Department Employees had $647,000 in non-current loans and owned real-estate with $7.72 million in equity and loan loss allowances on hand to cover it. This gives Syracuse Fire Department Employees a Texas Ratio of 8.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Syracuse Fire Department Employees held steady from 8.25% as of December 31, 2010 to 8.38% as of December 31, 2011, resulting in a negative change of 1.55%. This indicates that the balance sheet and financial strength for Syracuse Fire Department Employees has held steady in recent periods. Deposit Growth In the past year, Syracuse Fire Department Employees has increased its total deposits by $6.89 million, resulting in 13.19% 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 Syracuse Fire Department Employees has shown is excellent. 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. Syracuse Fire Department Employees has $67.31 million in assets with $7.72 million in equity, resulting in a capitalization level of 11.47%, which is above average.

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