Hornell Erie Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.00%Reward CheckingKasasa Cash Checking
1.00%Reward SavingsKasasa Saver
2.00%5-year CD60 Month CD

Overview / Commentary
607-324-2515
80 Erie Ave
Hornell, NY 14843

Hornell Erie Federal Credit Union is headquartered in HORNELL and is the 273rd largest credit union in the state of New York. It is also the 4,761st largest credit union in the nation. It was established in 1954 and as of June of 2018, it had grown to 2 employees and 893 members at 2 locations. Hornell Erie Federal Credit Union's money market rates are 59% higher than the national average, but it has a C health rating.

Field of Membership Restrictions

Membership in Hornell Erie Federal Credit Union is open to employees of Norfolk Southern and CSX, the City of Hornell, New York, or ALSTOM.
See current membership details

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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. Hornell Erie Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #9543
Year Chartered1954
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-0.57%
Return on Equity - YTD-5.35%
Annual Interest Income$70.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$4.4MM$4.5MM
LoansQ2 2018vs Q2 2017$2.6MM$2.3MM
DepositsQ2 2018vs Q2 2017$3.9MM$3.9MM
Equity CapitalQ2 2018vs Q2 2017$486.00K$549.00K
Loan Loss AllowanceQ2 2018vs Q2 2017$18.00K$12.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$74.00K$63.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hornell Erie 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.

Hornell Erie Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.30% $50k+
0.50%$5-IRA Share Savings
0.10%$100-Share Accounts
0.10%$5$10mHoliday Club
0.10%$5-Kirby Kangaroo Savings
0.10%$5-CU Succeed Savings
0.10%$5$10mVacation Club

Hornell Erie Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$250k*-Money Manager
OTHER TIERS: 0.25% $2.5k - $50k | 0.40% $50k - $100k | 0.60% $100k - $250k

Hornell Erie Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.30% $10k+
0.25%$5-CU Succeed Checking
0.25%$5k-Business Checking

Hornell Erie Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--60 Month CD
1.75%--48 Month CD
1.40%--36 Month CD
1.00%--24 Month CD
0.90%--18 Month CD
0.80%--12 Month CD
0.60%--6 Month CD

Hornell Erie Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month IRA
1.75%$1k-48 Month IRA
1.40%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.90%$1k-18 Month IRA
0.80%$1k-12 Month IRA
0.60%$1k-6 Month IRA
Locations


Hornell Erie Federal Credit Union Locations
Branch Office80 ERIE AVEHORNELL, NY 14843
Corporate Office110 Village Sq Ste 101Painted Post, NY 14870-1399

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