Overview / Commentary
39 Market St
Amsterdam, NY 12010

M. C. T. Federal Credit Union is headquartered in AMSTERDAM and is the 108th largest credit union in the state of New York. It is also the 2,219th largest credit union in the nation. It was established in 1960 and as of September of 2018, it had grown to 8 employees and 3,583 members at 1 location. M. C. T. Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in M. C. T. Federal Credit Union is open to employees of Montgomery County and other Select Employer Groups.
See current membership details

Reviews (1)

MCT Federal Credit Union is a great local credit union

I have a savings account with MCT Federal Credit Union in Amsterdam, NY. They are a great local credit union. I have found that there savings account rates are significantly higher than local banks. They offer direct deposit for savings accounts which is very helpful because they have limited locations and somewhat limited hours compared to other local banks that I have dealt with. They have a robust online account presence which makes it easy to access my account even though they only have a couple of physical locations. I have previously had CDs with the Credit Union for many years, while it has been a few years since I redeemed them the rates that they offered on the CDs were higher than local banks like Trustco or Keybank. Unlike a lot of other local banks MCT has limited to no fees (at least for the services that I have encountered thus far). This is very different from a local bank like Keybank which has many different fees. The no fee/very limited fee structure made the bank very attractive to me especially as other banks have been moving to increased fees.

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. M. C. T. Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #13766
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.74%
Annual Interest Income$912.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$56.0MM$53.5MM
LoansQ3 2018vs Q3 2017$8.4MM$6.7MM
DepositsQ3 2018vs Q3 2017$50.8MM$48.6MM
Equity CapitalQ3 2018vs Q3 2017$5.1MM$4.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$65.00K$38.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$8.00K$83.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0

Sorry, we do not have rate data for M. C. T. Federal Credit Union.


M. C. T. Federal Credit Union Locations
Branch Office39 MARKET STAMSTERDAM, NY 12010

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