Erie Metro Federal Credit Union


Overview / Commentary
716-826-1976
3291 Lake Shore Rd
Blasdell, NY 14219-1419

Erie Metro Federal Credit Union is headquartered in Blasdell and is the 129th largest credit union in the state of New York. It is also the 2,552nd largest credit union in the nation. It was established in 1976 and as of June of 2019, it had grown to 11 employees and 6,136 members at 2 locations. Erie Metro Federal Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Erie Metro Federal Credit Union is open to anyone who lives, works, worships, attends school, or volunteers in the following New York communites: Blasdell, Buffalo, Hamburg, Lackawanna, and Lakeview. Membership is also open to household members or immediate family of current credit union members
See current membership details

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Health
B+
Additional 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. Erie Metro Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #22440
Year Chartered1976
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD5.38%
Annual Interest Income$619.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$40.6MM$38.4MM
LoansQ2 2019vs Q2 2018$20.5MM$17.6MM
DepositsQ2 2019vs Q2 2018$36.1MM$34.2MM
Equity CapitalQ2 2019vs Q2 2018$4.4MM$4.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$139.00K$132.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$49.00K$63.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Erie Metro Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$250*-Regular Savings
OTHER TIERS: 0.05% $100 - $250
0.10%*$250*-Club Accounts
OTHER TIERS: 0.05% $100 - $250
0.10%*$250*-Youth Savings Account
OTHER TIERS: 0.05% Up to $250

Erie Metro Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k

Erie Metro Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-24 Month Share Certificate
1.00%$500-12 Month Share Certificate
0.75%$500-6 Month Share Certificate
Locations


Erie Metro Federal Credit Union Locations
Branch Office3291 Lake Shore RdBlasdell, NY 14219-1419
Branch Office462 Grider StBuffalo, NY 14215

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