Overview / Commentary
Academic Federal Credit Union is headquartered in Briarcliff Manor and is the 142nd largest credit union in the state of New York. It is also the 2,721st largest credit union in the nation. It was established in 1979 and as of March of 2021, it had grown to 5 employees and 2,868 members at 1 location. Academic Federal Credit Union 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 Q1 2021
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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 4.48% |
| Annual Interest Income | $261.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $40.5MM$35.7MM |
| Loans | Q1 2021vs Q1 2020 | $17.3MM$19.0MM |
| Deposits | Q1 2021vs Q1 2020 | $37.1MM$31.9MM |
| Equity Capital | Q1 2021vs Q1 2020 | $3.3MM$3.7MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $370.00K$211.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $148.00K$414.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $148.00K$148.00K |