Italo-American Federal Credit Union


Overview / Commentary
718-366-6422
6650 Myrtle Ave
Glendale, NY 11385-7057

Italo-American Federal Credit Union is headquartered in Glendale and is the 170th largest credit union in the state of New York. It is also the 3,169th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 3 employees and 586 members at 1 location. Italo-American Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to Italian-Americans.
See current membership details

Reviews

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Health
B+
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. Italo-American Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #110
Year Chartered1935
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD7.36%
Annual Interest Income$791.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$23.5MM$22.1MM
LoansQ4 2019vs Q4 2018$16.5MM$16.4MM
DepositsQ4 2019vs Q4 2018$20.1MM$19.0MM
Equity CapitalQ4 2019vs Q4 2018$3.2MM$2.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$19.00K$19.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Italo-American Federal Credit Union are currently being reviewed.

Locations


Italo-American Federal Credit Union Locations
Branch Office6650 Myrtle AveGlendale, NY 11385-7057

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