Featured Savings Rates
Featured Accounts

Italo-American Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.50%1-year CD12 Month CD
1.00%SavingsSavings Accounts
2.25%4-year CD48 Month CD

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

Italo-American Federal Credit Union is headquartered in Glendale and is the 180th largest credit union in the state of New York. It is also the 3,433rd largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 3 employees and 559 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

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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 - YTD1.44%
Return on Equity - YTD11.63%
Annual Interest Income$321.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$20.1MM$18.4MM
LoansQ2 2017vs Q2 2016$13.6MM$14.4MM
DepositsQ2 2017vs Q2 2016$17.5MM$16.1MM
Equity CapitalQ2 2017vs Q2 2016$2.5MM$2.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$16.00K$12.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$25.00K$36.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Italo-American Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$200-Savings Accounts

Italo-American Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%--48 Month CD
2.00%--36 Month CD
1.75%--24 Month CD
1.50%-$5k12 Month CD

Italo-American Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW 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 Office6650 Myrtle AveGlendale, NY 11385-7057