Italo-American Federal Credit Union


Overview / Commentary
718-366-6422
66-52 Myrtle Avenue
Glendale, NY 11385

Italo-American Federal Credit Union is headquartered in Glendale and is the 145th largest credit union in the state of New York. It is also the 2,668th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 3 employees and 584 members at 1 location. Italo-American Federal Credit Union has a B health rating.

Field of Membership Restrictions

Italo-American Federal Credit Union membership is open to Italian-Americans.
See current membership details

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Health
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 - YTD0.88%
Return on Equity - YTD6.09%
Annual Interest Income$467K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$38.8MM$39.9MM
LoansQ1 2025vs Q1 2024$30.8MM$29.4MM
DepositsQ1 2025vs Q1 2024$32.8MM$34.1MM
Equity CapitalQ1 2025vs Q1 2024$5.6MM$5.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$59K$57K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Italo-American Federal Credit Union are currently being reviewed.

Locations


Italo-American Federal Credit Union Locations
Branch Office6652 Myrtle AveGlendale, NY 11385-7057

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