CFCU Community Credit Union

Overview / Commentary
1030 Craft Road
Ithaca, NY 14850-1016

CFCU Community Credit Union is headquartered in Ithaca and is the 17th largest credit union in the state of New York. It is also the 322nd largest credit union in the nation. It was established in 1953 and as of December of 2023, it had grown to 229 employees and 80,057 members at 15 locations. CFCU Community Credit Union has an A health rating.

Field of Membership Restrictions

Membership in CFCU Community Credit Union is open to those who live, work, worship, attend school, or maintain a business in the New York counties of Cayuga, Courtland, Madison, Onondaga, Ontario, Seneca, or Tompkins. Anyone affiliated with any of more than 150 Select Employer Groups is also eligible to join. Family members of any membership-eligible individual qualify of membership.
See current membership details

Related Posts

CFCU Once Again Offering 7% APY On Their Seven Month Jumbo CD - 9/5/2023

I originally posted this deal several months ago, here: That old deal expired, earlier in the summer. However, CFCU has just begun offering a new CD deal which appears identical. They are saying the new deal will be good for the months of September and October. You need $100,000 at CFCU to garner their 7% APY jumbo rate. If you don't have that much money available their seven month, 6% APY CD is still a decent deal. And you need only $25,000 to get the 6% APY deal. CFCU covers a broad swath of upstate NY from roughly Ithaca on up to Syracuse. But as I detailed in the earlier thread, if you are able somehow to reach Ithaca one time, it's possible anyone could get this deal using the "attends school" loophole, and thousands of people enjoy fall vacationing in New York's scenic Finger Lakes region. Here is a link to this latest CFCU CD

Jumbo Promo Seven Month CD Is Paying 7% APY - 5/23/2023

This is a local/regional deal in upstate NY, Ithaca up to and including the Syracuse region. Even so, I think the availability of a 7% APY CD anywhere is an interesting development. This deal is unadvertised online except for the link I will provide below. Note that you can do a seven month mini-jumbo CD at 6% APY, not as high a rate but still possibly of interest for persons unable to get $100,000 together. Do not sweat the Celebration checking you must open as part of this deal. I've been down that road and there are no bumps. Of course if you close the Celebration checking before your seven month CD matures, the rate will revert to 5% APY. But nobody is going to do that and lose the 7% APY rate. Still, they check daily so leave the Celebration account "active", which simply means open. Here is a link to the details of this deal: h

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Reviews (5)

A Solid Credit Union -- CFCU

I was a member of CFCU while I attended Ithaca College in Ithaca, New York. I chose CFCU because they had a branch on campus, but I stayed with CFCU because they had excellent customer service. I was always treated well when I had to deposit a check or had a question about their policies. For example, I needed to take out a loan. They explained to me what my options were and answered every question I had about repayment. CFCU is generally very helpful and want their customers to save money. Once, when I had a withdrawal that was going to overdraft, they called me up to try and get me to deposit money to fix it before they had to charge me. The only downside was that they didn't have any online banking at the time, but they now offer that service. I highly recommend that Tompkins County residents get a CFCU account.

Why I bank with CFCU Community Credit Union

I have had an account with this bank for at least 18 years. They have always had low fees and no requirements for having a certain amount of money in my checking account. I like having a local bank because I feel like anytime I have a problem with my account I can walk into a local branch and they will take care of the problem. I feel like they really care about my business and treat me with respect. I feel like my account is safe and secure with them and I enjoy banking with them. The only issue I have is that they do not have as many ATM machines close to my office so sometimes I have to use an out of network machine if I don't have time to make it to an in network machine or a branch. These small inconveniences still do not out weigh the piece of mind I have by having a local bank.


I joined this CFCU Community Credit Union when starting my PhD program in an isolated city. I wanted a local bank or credit union that I could use for rent checks and other local banking needs. The service has been satisfactory. This credit union is very local, so I will be closing my accounts when I leave. I have been satisfied with the service and believe that this credit union has met my needs.


After moving to a small town in central New York, I wanted to have a local bank to do things like pay rent. CFCU Community Credit Union seemed like a good choice. They had better interest rates on savings and checking accounts than other banks or credit unions in the area. As is the case in general with businesses in central New York, customer service is not their strong suit. They are incredibly slow and unfriendly when you go to them with questions about your account. There is no mobile app for this credit union. Their website interface also seems horribly dated. Overall, the experience is decent, but the bar for a local bank or credit union in central New York is awfully low.


Posted by: |

Cfcu teller punch my husband and now cfcu banned my husband from coming into their bank. They should of fired that employee. We have filed a lawsuit for cfcu to forgive our mortgage so we can go to another bank. Police officer and 911 call will be our witness in court. Laws say they are not allowed to banned customers that have a loan or money with that bank. 
Cfcu tried getting my husband arrested, but maybe next time. They shouldn't lie in court and emails. Cfcu employee sent an email to the prosecutor saying my husband was arrested. Which never happened and there was proof. No police report or files on my husband ever being arrested for anything in his life.
Cfcu lost in court! Check Ithaca court. Trial was on 5/7/2018


Health Grade Components

NCUA #68322
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.25%
Annual Interest Income$55.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.45B$1.49B
LoansQ4 2023vs Q4 2022$1.05B$1.08B
DepositsQ4 2023vs Q4 2022$1.25B$1.24B
Equity CapitalQ4 2023vs Q4 2022$173.6MM$166MM
Loan Loss AllowanceQ4 2023vs Q4 2022$11.8MM$6.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$13MM$13.6MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for CFCU Community Credit Union are currently being reviewed.



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