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Lockport Schools Federal Credit Union


Overview / Commentary
www.lockportschoolsfcu.org
716-433-7740
360 S Transit St
Lockport, NY 14094

Lockport Schools Federal Credit Union is headquartered in Lockport and is the 194th largest credit union in the state of New York. It is also the 3,561st largest credit union in the nation. It was established in 1966 and as of December of 2019, it had grown to 3 employees and 1,412 members at 1 location. Lockport Schools Federal Credit Union's CD rates are 39% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Lockport Schools Federal Credit Union is open to employees and retirees of the Lockport City School District, employees of Ridge Road Express, and members of the Lockport Council of PTAs.
See current membership details

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Health
C+

Data as of Q4 2019

Learn why bank health matters
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. Lockport Schools Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #17372
Year Chartered1966
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.1%
Annual Interest Income$632.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$15.8MM$14.1MM
LoansQ4 2019vs Q4 2018$11.2MM$7.9MM
DepositsQ4 2019vs Q4 2018$14.4MM$12.6MM
Equity CapitalQ4 2019vs Q4 2018$1.4MM$1.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$18.00K$32.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$196.00K$122.00K
Real Estate OwnedQ4 2019vs Q4 2018$50.00K$55.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lockport Schools Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--IRA Variable Account
0.40%*$20k*-Share (Savings) Account
OTHER TIERS: 0.15% → $100 - $2k | 0.20% → $2k - $5k | 0.27% → $5k - $20k
0.40%*$20k*-Club Accounts
OTHER TIERS: 0.15% → $100 - $2k | 0.20% → $2k - $5k | 0.27% → $5k - $20k

Lockport Schools Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%-- Share Draft (Checking) Account

Lockport Schools Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-3 Year CD
1.75%$1k-2 Year CD
1.25%$1k-1 Year CD
0.75%$1k-6 Month CD
Locations


Lockport Schools Federal Credit Union Locations
Branch Office360 S Transit StLockport, NY 14094-4848

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