Overview / Commentary
Academic Federal Credit Union is headquartered in Briarcliff Manor and is the 137th largest credit union in the state of New York. It is also the 2,678th largest credit union in the nation. It was established in 1979 and as of December of 2019, it had grown to 5 employees and 2,961 members at 1 location. Academic Federal Credit Union's money market rates are 2X the national average, and it has a C+ 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
C+
Data as of Q4 2019
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 | 0.97% |
| Return on Equity - YTD | 9.45% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $35.4MM$36.4MM |
| Loans | Q4 2019vs Q4 2018 | $18.9MM$20.4MM |
| Deposits | Q4 2019vs Q4 2018 | $31.6MM$33.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.6MM$3.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $358.00K$443.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $559.00K$752.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $148.00K$148.00K |