Overview / Commentary
Dannemora Federal Credit Union is headquartered in Plattsburgh and is the 47th largest credit union in the state of New York. It is also the 1,018th largest credit union in the nation. It was established in 1958 and as of September of 2024, it had grown to 48 employees and 22,053 members at 4 locations. Dannemora Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Clinton, Essex, Franklin, or St. Lawrence Counties of New York.
See current membership details
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Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12473 |
| Year Chartered | 1958 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 9.8% |
| Annual Interest Income | $10.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $304.6MM$290.1MM |
| Loans | Q3 2024vs Q3 2023 | $203MM$203.6MM |
| Deposits | Q3 2024vs Q3 2023 | $253.3MM$240.1MM |
| Equity Capital | Q3 2024vs Q3 2023 | $32.1MM$23.4MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $787K$789K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $637K$512K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |