Overview / Commentary
716-831-3007
3333 Harlem Rd
Cheektowaga, NY 14225

Financial Trust Federal Credit Union is headquartered in Orchard Park and is the 89th largest credit union in the state of New York. It is also the 1,841st largest credit union in the nation. It was established in 1950 and as of December of 2018, it had grown to 18 employees and 8,806 members at 6 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
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 Chartered1950
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD9.71%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$79.1MM$76.2MM
LoansQ4 2018vs Q4 2017$52.0MM$49.9MM
DepositsQ4 2018vs Q4 2017$68.5MM$66.5MM
Equity CapitalQ4 2018vs Q4 2017$10.4MM$9.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$222.00K$265.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$178.00K$318.00K
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.

Financial Trust Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.29%$50k-60 Month Jumbo CD
3.14%$1k$50k60 Month CD
2.93%$50k-48 Month Jumbo CD
2.78%$1k$50k48 Month CD
2.68%$50k-36 Month Jumbo CD
2.52%$1k$50k36 Month CD
2.52%$1k-24 Month CD Special
2.17%$1k-25 Month CD - Retain Account Only
1.76%$1k-18 Month CD
1.51%$1k-12 Month CD
1.00%$1k-6 Month CD
Locations


Financial Trust Federal Credit Union Locations
Branch Office3333 Harlem RdCheektowaga, NY 14225
Branch Office4257 Seneca StWest Seneca, NY 14224
Branch Office1 Robert Rich WayBuffalo, NY 14213
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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