Overview / Commentary
Compass Credit Union is headquartered in Oswego and is the 88th largest credit union in the state of New York. It is also the 1,933rd largest credit union in the nation. It was established in 1966 and as of June of 2023, it had grown to 20 employees and 7,815 members at 6 locations. Compass Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer or attend school in Oswego County.
See current membership details
Health
B+
Data as of Q2 2023
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. Compass Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17665 |
| Year Chartered | 1966 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 5.66% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $90.1MM$89.6MM |
| Loans | Q2 2023vs Q2 2022 | $52.7MM$43.1MM |
| Deposits | Q2 2023vs Q2 2022 | $76.2MM$76.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $12.9MM$12.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$303.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $396.00K$360.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |