Financial Trust Federal Credit Union
Overview / Commentary
Financial Trust Federal Credit Union is headquartered in Cheektowaga and is the 62nd largest credit union in the state of New York. It is also the 1,415th largest credit union in the nation. It was established in 1950 and as of March of 2022, it had grown to 22 employees and 13,440 members at 5 locations. Financial Trust Federal Credit Union 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
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6870 |
| Year Chartered | 1950 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 6.99% |
| Annual Interest Income | $858.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $164.1MM$156.4MM |
| Loans | Q1 2022vs Q1 2021 | $75.9MM$74.9MM |
| Deposits | Q1 2022vs Q1 2021 | $144.2MM$138.4MM |
| Equity Capital | Q1 2022vs Q1 2021 | $19.5MM$17.5MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $571.00K$523.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $230.00K$244.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |