First Source Federal Credit Union

Overview / Commentary

www.fsource.org

315-735-8571

4451 Commercial Dr
New Hartford, NY 13413-6207

First Source Federal Credit Union is headquartered in New Hartford and is the 25^th largest credit union in the state of New York. It is also the 483^rd largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 162 employees and 49,976 members at 5 locations. First Source Federal Credit Union's savings rates are 8X the national average, and it has an A 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.
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Health

Data as of Q2 2019

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Health Grade Components

Overall
NCUA #	2658
Year Chartered	1938
Employees	162
Primary Regulator

Profit Margin
Return on Assets - YTD	1.03%
Return on Equity - YTD	10.33%
Annual Interest Income	$15.6MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$627.1MM$552.2MM
Loans	Q2 2019vs Q2 2018	$573.9MM$506.8MM
Deposits	Q2 2019vs Q2 2018	$549.1MM$488.1MM
Equity Capital	Q2 2019vs Q2 2018	$62.1MM$54.0MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$9.1MM$7.6MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$4.8MM$3.4MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$30.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
4.00%	-	$1k	Special Purpose Account Promotion
4.00%	-	$1k	Business Special Purpose Account Promotion
0.60%^*	$5k^*	-	Regular Share
OTHER TIERS: 0.50% → Up to $1k \| 0.55% → $1k - $5k
0.60%^*	$5k^*	-	IRA Share
OTHER TIERS: 0.50% → Up to $1k \| 0.55% → $1k - $5k
0.60%^*	$5k^*	-	Business Regular Share
OTHER TIERS: 0.50% → Up to $1k \| 0.55% → $1k - $5k
0.60%	$1k	-	Special Purpose Account
0.60%	$1k	-	Business Special Purpose Account

First Source Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.60% → Up to $5k \| 0.70% → $5k - $10k \| 0.80% → $10k - $25k \| 0.90% → $25k - $50k \| 1.00% → $50k - $100k
1.11%^*	$100k^*	-	Business Money Market Account
OTHER TIERS: 0.60% → Up to $5k \| 0.70% → $5k - $10k \| 0.80% → $10k - $25k \| 0.90% → $25k - $50k \| 1.00% → $50k - $100k

First Source Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$10k^*	-	Only One Checking
OTHER TIERS: 0.10% → $2.5k - $5k \| 0.15% → $5k - $7.5k \| 0.20% → $7.5k - $10k
0.25%^*	$10k^*	-	Business Only One Checking
OTHER TIERS: 0.10% → $2.5k - $5k \| 0.15% → $5k - $7.5k \| 0.20% → $7.5k - $10k

First Source Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$1k	-	48 Month Share Certificate
2.75%	$1k	-	Business 48 Month Share Certificate
2.70%	$1k	-	36 Month Share Certificate
2.70%	$1k	-	Business 36 Month Share Certificate
2.50%	$1k	-	24 Month Share Certificate
2.50%	$500	-	24 Month Investeroo Share Certificate
2.50%	$1k	-	Business 24 Month Share Certificate
2.50%	$500	-	24 Month My Terms Share Certificate
2.40%	$1k	-	12 Month Share Certificate
2.40%	$500	-	12 Month Investeroo Share Certificate
2.40%	$1k	-	Business 12 Month Share Certificate
2.40%	$500	-	12 Month My Terms Share Certificate
1.00%	$1k	-	6 Month Share Certificate
1.00%	$500	-	6 Month Investeroo Share Certificate
1.00%	$1k	-	Business 6 Month Share Certificate
1.00%	$500	-	6 Month My Terms Share Certificate
0.50%	$1k	-	3 Month Share Certificate
0.50%	$1k	-	Business 3 Month Share Certificate

First Source Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%	$1k	-	48 Month IRA Certificate
2.70%	$1k	-	36 Month IRA Certificate
2.50%	$1k	-	24 Month IRA Certificate
2.40%	$1k	-	12 Month IRA Certificate

Locations

First Source Federal Credit Union Locations
Branch Office	50 Auert Ave	Utica, NY 13502
Branch Office	4451 Commercial Dr	New Hartford, NY 13413-6207
Branch Office	510 W State St	Herkimer, NY 13350-2240
Branch Office	1822 Black River Blvd N	Rome, NY 13440
Branch Office	1634 Genesee St	Utica, NY 13502-5428

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