Italo-American Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
2.55% APY
5 Year IRA (Traditional, Roth)
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.50% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 1.00% | Savings | Savings Accounts |
| 2.25% | 4-year CD | 48 Month CD 1.80% - Goldman Sachs Bank USA 4 Year CD |
Overview / Commentary
Italo-American Federal Credit Union is headquartered in Glendale and is the 181st largest credit union in the state of New York. It is also the 3,458th largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 3 employees and 556 members at 1 location. Italo-American Federal Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to Italian-Americans.
See current membership details
Health
B+
Data as of Q1 2017
Learn why bank health mattersAdditional 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 | 1.35% |
| Return on Equity - YTD | 11.49% |
| Annual Interest Income | $158.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $19.9MM$18.6MM |
| Loans | Q1 2017vs Q1 2016 | $14.5MM$14.2MM |
| Deposits | Q1 2017vs Q1 2016 | $17.3MM$16.4MM |
| Equity Capital | Q1 2017vs Q1 2016 | $2.4MM$2.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $16.00K$12.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $27.00K$37.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
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Italo-American Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $200 | - | Savings Accounts |
Italo-American Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | - | - | 48 Month CD | |
| 2.00% | - | - | 36 Month CD | |
| 1.75% | - | - | 24 Month CD | |
| 1.50% | - | $5k | 12 Month CD |
Italo-American Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.55% | - | - | 5 Year IRA | |
| 2.25% | - | - | 4 Year IRA | |
| 2.00% | - | - | 3 Year IRA | |
| 1.75% | - | - | 2 Year IRA | |
| 1.50% | - | - | 1 Year IRA |
Locations
| Italo-American Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 6650 Myrtle Ave | Glendale, NY 11385-7057 |