Financial Trust Federal Credit Union

Overview / Commentary

716-831-3007

3333 Harlem Rd
Cheektowaga, NY 14225

Financial Trust Federal Credit Union is headquartered in Orchard Park and is the 88^th largest credit union in the state of New York. It is also the 1,815^th largest credit union in the nation. It was established in 1950 and as of June of 2019, it had grown to 16 employees and 8,778 members at 5 locations. Financial Trust Federal Credit Union's money market rates are 70% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Must be an employee of the West Seneca Central School, Town of Seneca, Rich Products, the Teamsters, UAW or other select group.
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Health

Data as of Q2 2019

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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. Financial Trust Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	6870
Year Chartered	1950
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	1.24%
Return on Equity - YTD	9.28%
Annual Interest Income	$1.5MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$82.7MM$80.6MM
Loans	Q2 2019vs Q2 2018	$52.3MM$51.5MM
Deposits	Q2 2019vs Q2 2018	$71.4MM$70.4MM
Equity Capital	Q2 2019vs Q2 2018	$10.9MM$9.8MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$232.00K$302.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$319.00K$262.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Financial Trust Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$50k^*	-	IRA Share Account
OTHER TIERS: 0.35% → Up to $3k \| 0.40% → $3k - $20k \| 0.45% → $20k - $50k
0.10%	$250	-	Regular Shares Account
0.10%	-	$100k	Holiday Club
0.10%	-	$100k	Vacation Club
0.10%	-	$100k	Scotties Club for Kids

Financial Trust Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$100k^*	-	Growth Savings Money Market Account
OTHER TIERS: 0.60% → $10k - $25k \| 0.65% → $25k - $50k \| 0.70% → $50k - $100k
0.55%	$2.5k	-	Money Market Account

Financial Trust Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.52%	$50k	-	60 Month Jumbo CD
2.42%	$50k	-	48 Month Jumbo CD
2.32%	$50k	-	36 Month Jumbo CD
2.27%	$1k	$50k	60 Month CD
2.02%	$1k	$50k	48 Month CD
1.76%	$1k	$50k	36 Month CD
1.61%	$1k	-	25 Month CD - Retain Account Only
1.51%	$1k	-	24 Month CD Special (New Money)
1.26%	$1k	-	18 Month CD
1.00%	$1k	-	12 Month CD
0.80%	$1k	-	6 Month CD

Locations

Financial Trust Federal Credit Union Locations
Branch Office	3333 Harlem Rd	Cheektowaga, NY 14225
Branch Office	4257 Seneca St	West Seneca, NY 14224
Branch Office	3735 N Buffalo St	Orchard Park, NY 14127
Branch Office	2014 Grand Island Blvd	Grand Island, NY 14072
Corporate Office	6520 Webster Rd	Orchard Park, NY 14127

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