First Source Federal Credit Union


Overview / Commentary
315-735-8571
4451 Commercial Dr
New Hartford, NY 13413

First Source Federal Credit Union is headquartered in New Hartford and is the 25th largest credit union in the state of New York. It is also the 462nd largest credit union in the nation. It was established in 1938 and as of June of 2020, it had grown to 172 employees and 51,672 members at 5 locations. First Source Federal Credit Union's money market rates are 48% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

First Source Federal Credit Union is open to those who live, work, worship, or attend school in the New York counties of Herkimer or Oneida.
See current membership details

Related Posts

First Source (NY) Offers Competitive 12-Month CD - 1/28/2020

First Source (Mohawk Valley, NY) is currently offering a 12-month Share Certificate, which earns 2.25% APY. $1k minimum opening deposit. Also available as an IRA.

First Source (NY) Offers 48-Month CD Earning 2.75% APY - 12/19/2019

First Source (NY) has competitive longer term CDs: 24-month (2.50% APY), 36-month (2.70% APY), and 48-month (2.75% APY). Minimum $1k deposit. Also as IRAs.

Reviews

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Health
B+

Health Grade Components

Overall
NCUA #2658
Year Chartered1938
Employees172
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD2.53%
Annual Interest Income$16.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$747.9MM$627.1MM
LoansQ2 2020vs Q2 2019$603.4MM$573.9MM
DepositsQ2 2020vs Q2 2019$675.6MM$549.1MM
Equity CapitalQ2 2020vs Q2 2019$66.9MM$62.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$12.5MM$9.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.1MM$4.8MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Source Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

First Source Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Regular Share
0.25%--IRA Share
0.25%--Business Regular Share
0.25%--Special Purpose Account
0.25%--Business Special Purpose Account

First Source Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-Money Market Account
OTHER TIERS: 0.30% Up to $10k | 0.35% $10k - $25k | 0.40% $25k - $50k | 0.45% $50k - $100k
0.65%*$100k*-Business Money Market Account
OTHER TIERS: 0.30% Up to $10k | 0.35% $10k - $25k | 0.40% $25k - $50k | 0.45% $50k - $100k

First Source Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Only One Checking
0.05%$2.5k-Business Only One Checking

First Source Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-48 Month Share Certificate
0.95%$1k-Business 48 Month Share Certificate
0.90%$1k-36 Month Share Certificate
0.90%$1k-Business 36 Month Share Certificate
0.85%$1k-24 Month Share Certificate
0.85%$500-24 Month Investeroo Share Certificate
0.85%$1k-Business 24 Month Share Certificate
0.85%$500-24 Month My Terms Share Certificate
0.80%$1k-12 Month Share Certificate
0.80%$500-12 Month Investeroo Share Certificate
0.80%$1k-Business 12 Month Share Certificate
0.80%$500-12 Month My Terms Share Certificate
0.40%$1k-6 Month Share Certificate
0.40%$500-6 Month Investeroo Share Certificate
0.40%$1k-Business 6 Month Share Certificate
0.40%$500-6 Month My Terms Share Certificate
0.25%$1k-3 Month Share Certificate
0.25%$1k-Business 3 Month Share Certificate

First Source Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-48 Month IRA Certificate
0.90%$1k-36 Month IRA Certificate
0.85%$1k-24 Month IRA Certificate
0.80%$1k-12 Month IRA Certificate
Locations


First Source Federal Credit Union Locations
Branch Office50 Auert AveUtica, NY 13502
Branch Office4451 Commercial DrNew Hartford, NY 13413-6207
Branch Office510 W State StHerkimer, NY 13350-2240
Branch Office1822 Black River Blvd NRome, NY 13440
Branch Office1634 Genesee StUtica, NY 13502-5428

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