Overview / Commentary
Italo-American Federal Credit Union is headquartered in Glendale and is the 171st largest credit union in the state of New York. It is also the 3,203rd largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 3 employees and 586 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
Health
B
Data as of Q3 2019
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 | 1.07% |
| Return on Equity - YTD | 7.86% |
| Annual Interest Income | $591.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $22.9MM$22.9MM |
| Loans | Q3 2019vs Q3 2018 | $15.8MM$17.0MM |
| Deposits | Q3 2019vs Q3 2018 | $19.5MM$19.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.1MM$2.9MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $19.00K$19.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $0$1,000 |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |
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Italo-American Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | - | - | Regular Savings |
Italo-American Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | $100k | - | 2 Year Jumbo CD | |
| 2.25% | - | - | 2 Year CD | |
| 2.25% | $100k | - | 1 Year Jumbo CD | |
| 2.00% | - | - | 1 Year CD |
Italo-American Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | - | - | 5 Year IRA | |
| 2.75% | - | - | 3 Year IRA | |
| 2.75% | - | - | 4 Year IRA | |
| 2.50% | - | - | 2 Year IRA | |
| 2.25% | - | - | 1 Year IRA |
Locations
| Italo-American Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 6650 Myrtle Ave | Glendale, NY 11385-7057 |