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Overview / Commentary
800-431-2754
600 Midland Ave
Rye, NY 10580

USAlliance Credit Union is headquartered in RYE and is the 20th largest credit union in the state of New York. It is also the 256th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 179 employees and 66,382 members. USAlliance Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

The credit union has an online application that can be used to apply for membership and new accounts. In the first page of the new-member application, you must select how you are eligible to join. The first option can be chosen by anyone: - See Details

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Special CD Rates at USAlliance FCU - Easy Membership - 6/28/2013

USAlliance Federal Credit Union has regularly offered CD specials. One that they have offered since March is a 1.01% APY 11-month CD. There’s a new 13-month special that will be officially released in ...



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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 USAlliance Credit Union had $10.91 million in non-current loans and owned real-estate with $63.26 million in equity and loan loss allowances on hand to cover it. This gives USAlliance Credit Union a Texas Ratio of 17.25% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for USAlliance Credit Union decreased dramatically from 30.83% as of December 31, 2012 to 17.25% as of December 31, 2013, resulting in a positive change of 44.05%.This indicates that the balance sheet and financial strength for USAlliance Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, USAlliance Credit Union has increased its total deposits by $52.66 million, resulting in 7.14% 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 USAlliance Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. USAlliance Credit Union has $855.59 million in assets with $63.26 million in equity, resulting in a capitalization level of 7.39%, which is below average.

Institution Statistics

Overall
NCUA #17587
Year Chartered1966
Employees179
Primary Regulator
Assets and Liabilities
Assets$855.59 million
Loans$631.74 million
Deposits$790.41 million
Equity Capital$58.78 million
Loan Loss Allowance$4.48 million
Unbacked Noncurrent Loans$10.91 million
Real Estate Owned$0
Historic Data - December 2012
Assets$803.14 million
Equity Capital$57.08 million
Loan Loss Allowance$5.84 million
Unbacked Noncurrent Loans$10.91 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.31%
Return on Assets0.44%
Return on Equity6.41%
Interest Income$32.21 million
Rates

Always verify rates and promotions with the bank or credit union. We are not USAlliance Credit Union, we are a rate comparison website and can not provide official rates or promotions.

USAlliance Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%--Education Savings Account
0.40%--Club Account
0.40%--STAR Account
0.10%$2k-Savings Plus Account
0.05%$2k-Share Management Savings
0.05%$2k-Kids Savings Account
0.05%$2k-Teen Savings Account
0.05%$2k-Health Savings Account

USAlliance Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$75k-Platinum Money Manager Account
0.30%$50k-Diamond Money Manager Account
0.25%$25k-Super Savings Money Manager Account
0.20%$5k-Silver Money Manager Account

USAlliance Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2k-USA Gold Checking

USAlliance Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%$500-60 Month CD
1.46%$500-48 Month CD
1.26%$500-36 Month CD
0.85%$500-24 Month CD
0.80%$500-18 Month CD
0.75%$500-12 Month CD
0.70%$500-15 Month CD
0.63%$500-3 Year Variable CD
0.60%$500-11 Month CD
0.55%$500-9 Month CD
0.40%$500-3 Month CD
0.40%$500-6 Month CD
0.30%$100k-31 Day Jumbo CD
0.12%$500-1 Year Variable CD
Locations

USAlliance Credit Union has 17 locations. Click to view all USAlliance Credit Union locations.