Overview / Commentary
Albany Medical Center Mc-31 43 New Scotland Ave
Albany, NY 12208-3412

Health Employees Federal Credit Union is headquartered in Albany and is the 145th largest credit union in the state of New York. It is also the 2,767th largest credit union in the nation. It was established in 1975 and as of March of 2018, it had grown to 6 employees and 3,847 members at 4 locations. Health Employees Federal Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Health Employees Federal Credit Union offers membership to employees and their family members of various hospitals and medical facilities in the region with three branch locations in Albany Med, Ellis Hospital and and St. Peter’s Hospital.
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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. Health Employees Federal Credit Union has a low asset base.

Health Grade Components

NCUA #22075
Year Chartered1975
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD3.28%
Annual Interest Income$213.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$34.0MM$32.7MM
LoansQ1 2018vs Q1 2017$10.3MM$10.0MM
DepositsQ1 2018vs Q1 2017$28.9MM$27.9MM
Equity CapitalQ1 2018vs Q1 2017$5.0MM$4.5MM
Loan Loss AllowanceQ1 2018vs Q1 2017$88.00K$215.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$62.00K$43.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Health Employees Federal Credit Union Savings Account Rates

0.20%--Christmas Club
0.20%--Vacation Club
0.20%$100-Regular Shares

Health Employees Federal Credit Union Money Market Rates

0.60%*$50k*-Money Market
OTHER TIERS: 0.30% $2k - $10k | 0.40% $10k - $25k | 0.45% $25k - $50k

Health Employees Federal Credit Union Checking Account Rates

0.20%$500-Checking Account

Health Employees Federal Credit Union CD Rates

1.00%$1k-12 Month Certificate
0.70%$1k-36 Month Certificate
0.50%$1k-3 Month Certificate
0.50%$1k-6 Month Certificate

Health Employees Federal Credit Union Locations
Branch OfficeAlbany Medical Center MC-31 43 New Scotland AveAlbany, NY 12208-3412
Branch Office600 McClellan StSchenectady, NY 12304-1009
Branch Office1101 Nott StSchenectady, NY 12308-2425
Branch Office315 S Manning BlvdAlbany, NY 12208-1707

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