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Overview / Commentary
39 Market St
Amsterdam, NY 12010

M. C. T. Federal Credit Union is headquartered in AMSTERDAM and is the 111th largest credit union in the state of New York. It is also the 2,235th largest credit union in the nation. It was established in 1960 and as of December of 2017, it had grown to 8 employees and 3,774 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 - YTD0.43%
Return on Equity - YTD4.75%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$54.5MM$51.8MM
LoansQ4 2017vs Q4 2016$6.9MM$6.8MM
DepositsQ4 2017vs Q4 2016$49.6MM$47.1MM
Equity CapitalQ4 2017vs Q4 2016$4.8MM$4.6MM
Loan Loss AllowanceQ4 2017vs Q4 2016$41.00K$52.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$71.00K$185.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0

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