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 134th largest credit union in the state of New York. It is also the 2,623rd largest credit union in the nation. It was established in 1976 and as of December of 2018, it had grown to 10 employees and 6,430 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
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD6.8%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$37.2MM$36.5MM
LoansQ4 2018vs Q4 2017$19.2MM$17.5MM
DepositsQ4 2018vs Q4 2017$32.9MM$32.4MM
Equity CapitalQ4 2018vs Q4 2017$4.4MM$4.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$128.00K$119.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$85.00K$138.00K
Real Estate OwnedQ4 2018vs Q4 2017$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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