Financial Trust Federal Credit Union

Overview / Commentary

716-831-3007

3333 Harlem Rd
Cheektowaga, NY 14225

Financial Trust Federal Credit Union is headquartered in Cheektowaga and is the 58^th largest credit union in the state of New York. It is also the 1,383^rd largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 23 employees and 13,595 members at 6 locations. Financial Trust Federal Credit Union's money market rates are 4X the national average, and it boasts 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

A+

Data as of Q4 2022

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Health Grade Components

Overall
NCUA #	6870
Year Chartered	1950
Employees	23
Primary Regulator

Profit Margin
Return on Assets - YTD	0.9%
Return on Equity - YTD	7.41%
Annual Interest Income	$3.9MM

Assets and Liabilities
Assets	Q4 2022vs Q4 2021	$169.7MM$159.3MM
Loans	Q4 2022vs Q4 2021	$83.5MM$76.4MM
Deposits	Q4 2022vs Q4 2021	$148.3MM$139.8MM
Equity Capital	Q4 2022vs Q4 2021	$20.6MM$19.1MM
Loan Loss Allowance	Q4 2022vs Q4 2021	$502.00K$542.00K
Unbacked Noncurrent Loans	Q4 2022vs Q4 2021	$510.00K$330.00K
Real Estate Owned	Q4 2022vs Q4 2021	$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
1.26%^*	$50k^*	-	IRA Share Account
OTHER TIERS: 0.50% → Up to $3k \| 0.75% → $3k - $20k \| 1.00% → $20k - $50k
0.10%	-	$100k	Holiday Club
0.10%	-	$100k	Vacation Club
0.10%	-	$100k	Scotties Club for Kids
0.05%	$250	-	Regular Shares Account

Financial Trust Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.76%	$10k	-	Growth Savings Money Market Account
1.50%	$2.5k	-	Money Market Account

Financial Trust Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.32%	$1k	$50k	60 Month CD
4.21%	$1k	$50k	48 Month CD
3.55%	$1k	$50k	36 Month CD
3.29%	$1k	-	25 Month CD - Retain Account Only
3.03%	$1k	-	24 Month CD
2.78%	$1k	-	18 Month CD
2.52%	$1k	-	12 Month CD
2.02%	$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	2014 Grand Island Blvd	Grand Island, NY 14072
Corporate Office	6520 Webster Rd	Orchard Park, NY 14127
Branch Office	3291 Lake Shore Rd	Blasdell, NY 14219
Branch Office	604 Main Rd	Irving, NY 14081

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