Overview / Commentary
24 Glen Ave
Cooperstown, NY 13326-1122

Leatherstocking Credit Union is headquartered in Cooperstown and is the 117th largest credit union in the state of New York. It is also the 2,322nd largest credit union in the nation. It was established in 1977 and as of September of 2018, it had grown to 7 employees and 4,498 members at 1 location. Leatherstocking Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Otsego County, New York.
See current membership details

Reviews (1)

Competitive with other Banks, Friendly with Customers

Posted by: NewInTown | Nov 14, 2014

We chose to move our bank accounts to Leatherstocking Credit Union when we moved to New York State because we wanted the experience of knowing the people at our bank. We were tired of dealing with huge national banks and having to explain everything to a different person every time we called.

We were pleasantly surprised to discover that Leatherstocking offers competitive products with reasonable fees for checking, savings, and loans. We were also grateful for the friendly atmosphere in the bank. Last Saturday they had a bowl of fresh apples out for everyone to share.

The only drawback to working with this credit union so far is the web site. It works, in the sense that it's possible to figure out how to make it do what you want, but it's clunky and not very intuitive. For example, when you go to bill pay, you can't get back to the home page directly.

Overall, we are grateful to be part of the Leatherstocking Credit Union. We would recommend it to anyone in the region.

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. Leatherstocking Credit Union has a low asset base.

Health Grade Components

NCUA #22625
Year Chartered1977
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD11.65%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$49.9MM$50.6MM
LoansQ3 2018vs Q3 2017$22.9MM$21.7MM
DepositsQ3 2018vs Q3 2017$44.6MM$45.8MM
Equity CapitalQ3 2018vs Q3 2017$5.3MM$4.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$99.00K$107.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$191.00K$215.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Leatherstocking Credit Union Savings Account Rates

0.10%*$25k*-Preferred Savings
OTHER TIERS: 0.03% $10k - $25k
0.03%$500-Savings Account
0.03%$500-IRA Savings

Leatherstocking Credit Union Money Market Rates

0.03%$2.5k-Money Market

Leatherstocking Credit Union CD Rates

1.51%$1k-60 Month Share Certificate
1.25%$1k-48-59 Month Share Certificate
1.00%$1k-36-47 Month Share Certificate
0.75%$1k-24-35 Month Share Certificate
0.50%$25-12 Month Smart Start Certificate
0.50%$1k-12-23 Month Share Certificate
0.20%$1k-6-11 Month Share Certificate

Leatherstocking Credit Union IRA Rates

1.50%$1k-60 Month IRA Certificate
1.25%$1k-48 Month IRA Certificate
0.75%$1k-24 Month IRA Certificate
0.50%$25-12 Month Roth IRA Start Smart Certificate

Leatherstocking Credit Union Locations
Branch Office24 Glen AveCooperstown, NY 13326-1122

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