Financial Trust Federal Credit Union

Overview / Commentary
3333 Harlem Rd
Cheektowaga, NY 14225

Financial Trust Federal Credit Union is headquartered in Orchard Park and is the 88th largest credit union in the state of New York. It is also the 1,815th 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.
See current membership details


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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

NCUA #6870
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD9.28%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$82.7MM$80.6MM
LoansQ2 2019vs Q2 2018$52.3MM$51.5MM
DepositsQ2 2019vs Q2 2018$71.4MM$70.4MM
Equity CapitalQ2 2019vs Q2 2018$10.9MM$9.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$232.00K$302.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$319.00K$262.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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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

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%-$100kHoliday Club
0.10%-$100kVacation Club
0.10%-$100kScotties Club for Kids

Financial Trust Federal Credit Union Money Market Rates

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

2.52%$50k-60 Month Jumbo CD
2.42%$50k-48 Month Jumbo CD
2.32%$50k-36 Month Jumbo CD
2.27%$1k$50k60 Month CD
2.02%$1k$50k48 Month CD
1.76%$1k$50k36 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

Financial Trust Federal Credit Union Locations
Branch Office3333 Harlem RdCheektowaga, NY 14225
Branch Office4257 Seneca StWest Seneca, NY 14224
Branch Office3735 N Buffalo StOrchard Park, NY 14127
Branch Office2014 Grand Island BlvdGrand Island, NY 14072
Corporate Office6520 Webster RdOrchard Park, NY 14127

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