Italo-American Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.25%	5-year CD	3.00% - Goldman Sachs Bank USA High-yield 5 Year CD
2.50%	1-year CD	2.70% - Goldman Sachs Bank USA High-yield 12 Month CD
1.75%	Savings	2.20% - Barclays Online Savings Account

View all Italo-American Federal Credit Union rates »

Overview / Commentary

www.italoamericanfcu.com

718-366-6422

6650 Myrtle Ave
Glendale, NY 11385-7057

Italo-American Federal Credit Union is headquartered in Glendale and is the 172^nd largest credit union in the state of New York. It is also the 3,236^th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 3 employees and 574 members at 1 location. Italo-American Federal Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

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Health

B+

Data as of Q4 2018

Learn why bank health matters

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 Chartered	1935
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	1.31%
Return on Equity - YTD	10.1%
Annual Interest Income	$760.00K

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$22.1MM$20.5MM
Loans	Q4 2018vs Q4 2017	$16.4MM$15.8MM
Deposits	Q4 2018vs Q4 2017	$19.0MM$17.7MM
Equity Capital	Q4 2018vs Q4 2017	$2.9MM$2.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$19.00K$19.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$0$22.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Savings
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.

Italo-American Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.75%	-	-	Regular Savings

Italo-American Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.25%^*	$100k^*	-	5 Year CD
OTHER TIERS: 3.00% → Up to $100k
3.00%^*	$100k^*	-	3 Year CD
OTHER TIERS: 2.75% → Up to $100k
3.00%^*	$100k^*	-	4 Year CD
OTHER TIERS: 2.75% → Up to $100k
2.75%^*	$100k^*	-	2 Year CD
OTHER TIERS: 2.50% → Up to $100k
2.50%^*	$100k^*	-	1 Year CD
OTHER TIERS: 2.25% → Up to $100k

Italo-American Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.25%	-	-	5 Year IRA
3.00%	-	-	3 Year IRA
3.00%	-	-	4 Year IRA
2.75%	-	-	2 Year IRA
2.50%	-	-	1 Year IRA

Locations

Italo-American Federal Credit Union Locations
Branch Office	6650 Myrtle Ave	Glendale, NY 11385-7057

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