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Overview / Commentary
1760 State St
Schenectady, NY 12304

Mohawk Progressive Federal Credit Union is headquartered in Schenectady and is the 245th largest credit union in the state of New York. It is also the 4,364th largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 4 employees and 1,051 members at 1 location. Mohawk Progressive Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of the National Grid or the New York Independent System Operators and to those who live, work, or worship in the City of Schenectady.
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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. Mohawk Progressive Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #907
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.52%
Annual Interest Income$164.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$9.0MM$8.8MM
LoansQ2 2016vs Q2 2015$5.8MM$4.4MM
DepositsQ2 2016vs Q2 2015$8.2MM$7.9MM
Equity CapitalQ2 2016vs Q2 2015$773.00K$768.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$32.00K$35.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$61.00K$19.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Mohawk Progressive Federal Credit Union Savings Account Rates

0.10%--IRA Traditional Share Account
0.10%--IRA Conduit Account
0.10%--IRA Roth Share Account
0.10%--IRA Education Share Account
0.05%--Regular Share Account
0.05%--Holiday Club Account
0.05%--Vacation Club Account
0.05%--Escrow Savings Account
0.05%--Escrow Tax Account

Mohawk Progressive Federal Credit Union Money Market Rates

0.10%--Money Market Account

Mohawk Progressive Federal Credit Union Locations
Branch Office1760 State StSchenectady, NY 12304-1880