Leatherstocking Credit Union is headquartered in Cooperstown and is the 114th largest credit union in the state of New York. It is also the 2,307th largest credit union in the nation. It was established in 1977 and as of December of 2019, it had grown to 8 employees and 4,575 members at 1 location. Leatherstocking Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.
Competitive with other Banks, Friendly with Customers
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.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22625 |
| Year Chartered | 1977 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 9.11% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $51.0MM$50.7MM |
| Loans | Q4 2019vs Q4 2018 | $28.1MM$23.4MM |
| Deposits | Q4 2019vs Q4 2018 | $44.9MM$45.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.1MM$5.4MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $222.00K$140.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $244.00K$209.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |