CFCU Community Credit Union is headquartered in Ithaca and is the 18th largest credit union in the state of New York. It is also the 326th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 229 employees and 77,068 members at 17 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
Changing Its Name!
Since 1953, CFCU Community Credit Union has served as a source of financial strength, making a positive difference in the lives of members and communities throughout the Finger Lakes Region. However, in the decades since, the meaning of our acronym “CFCU” has evolved multiple times, causing confusion and diluting its power. It’s time we have a strong, unified brand that reflects the reality of who we are today, and shines light on our personal approach to banking. Our new name, Beginnings Credit Union, communicates our commitment to connecting people with better financial opportunities that unlock everyday possibilities. Beginnings represents a bright new day for our credit union, while moving us into a future focused on empowering all people to achieve financial wellbeing. After months of careful consideration and extensive research through focus groups and surveys, we can’t wait to share it with you.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68322 |
| Year Chartered | 1953 |
| Employees | 229 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.71% |
| Annual Interest Income | $15.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.45B$1.44B |
| Loans | Q1 2025vs Q1 2024 | $1.01B$1.04B |
| Deposits | Q1 2025vs Q1 2024 | $1.25B$1.24B |
| Equity Capital | Q1 2025vs Q1 2024 | $185MM$174.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $9.9MM$11.5MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $8.7MM$9.1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
