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.
Membership in M. C. T. Federal Credit Union is open to employees of Montgomery County and other Select Employer Groups.
See current membership details
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.
|Return on Assets - YTD||0.43%|
|Return on Equity - YTD||4.75%|
|Annual Interest Income||$1.1MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$54.5MM$51.8MM|
|Loans||Q4 2017vs Q4 2016||$6.9MM$6.8MM|
|Deposits||Q4 2017vs Q4 2016||$49.6MM$47.1MM|
|Equity Capital||Q4 2017vs Q4 2016||$4.8MM$4.6MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$41.00K$52.00K|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$71.00K$185.00K|
|Real Estate Owned||Q4 2017vs Q4 2016||$0$0|
Sorry, we do not have rate data for M. C. T. Federal Credit Union.
|M. C. T. Federal Credit Union Locations|
|Branch Office||39 MARKET ST||AMSTERDAM, NY 12010|