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Italo-American Federal Credit Union

Popular Accounts at this Credit Union

1.25%1-year CD12 Month CD
2.00%4-year CD48 Month CD
1.75%3-year CD36 Month CD

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

Italo-American Federal Credit Union is headquartered in Glendale and is the 185th largest credit union in the state of New York. It is also the 3,546th largest credit union in the nation. It was established in 1935 and as of June of 2016, it had grown to 3 employees and 542 members at 1 location. Italo-American Federal Credit Union's CD rates are 39% 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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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

NCUA #110
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.82%
Return on Equity - YTD15.61%
Annual Interest Income$330.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$18.4MM$17.3MM
LoansQ2 2016vs Q2 2015$14.4MM$14.2MM
DepositsQ2 2016vs Q2 2015$16.1MM$15.3MM
Equity CapitalQ2 2016vs Q2 2015$2.2MM$1.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$12.00K$12.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$36.00K$43.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Italo-American Federal Credit Union CD Rates

2.00%--48 Month CD
1.75%--36 Month CD
1.50%--24 Month CD
1.25%-$5k12 Month CD

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