Overview / Commentary
Academic Federal Credit Union is headquartered in Briarcliff Manor and is the 145th largest credit union in the state of New York. It is also the 2,726th largest credit union in the nation. It was established in 1979 and as of June of 2020, it had grown to 4 employees and 2,952 members at 1 location. Academic Federal Credit Union's CD rates are 11% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Academic Federal Credit Union is open to employees, retirees, volunteers and their immediate family of Fordham University, Iona College, Manhattan College, Saint Thomas Aquinas College, and other select schools.
See current membership details
Health
B
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Academic Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 23425 |
| Year Chartered | 1979 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.14% |
| Return on Equity - YTD | -11.79% |
| Annual Interest Income | $612.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $37.4MM$36.3MM |
| Loans | Q2 2020vs Q2 2019 | $18.1MM$19.2MM |
| Deposits | Q2 2020vs Q2 2019 | $33.7MM$32.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $3.5MM$3.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $292.00K$417.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $268.00K$409.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $148.00K$148.00K |