Overview / Commentary
Access Federal Credit Union is headquartered in Clinton and is the 50th largest credit union in the state of New York. It is also the 1,093rd largest credit union in the nation. It was established in 1947 and as of June of 2024, it had grown to 37 employees and 23,034 members at 5 locations. Access Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Access Federal Credit Union is open to businesses or other legal entities, and anyone who lives, works, worships, or attends school in the City of Oneida or New York counties of Fulton, Hamilton, Herkimer, Lewis, Madison, Montgomery, Oneida, or Otsego. Immediate family of current credit union members are also eligible.
See current membership details
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5579 |
| Year Chartered | 1947 |
| Employees | 37 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.21% |
| Return on Equity - YTD | 13.84% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $261.6MM$254MM |
| Loans | Q2 2024vs Q2 2023 | $148.8MM$146.8MM |
| Deposits | Q2 2024vs Q2 2023 | $236.9MM$231.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $22.6MM$18.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $817K$882K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $555K$500K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |