Overview / Commentary
518-372-0828
1760 State St
Schenectady, NY 12304

Mohawk Progressive Federal Credit Union is headquartered in Schenectady and is the 235th largest credit union in the state of New York. It is also the 4,090th largest credit union in the nation. It was established in 1936 and as of September of 2018, it had grown to 4 employees and 1,079 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.
See current membership details

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Health
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

Overall
NCUA #907
Year Chartered1936
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD6.33%
Annual Interest Income$275.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$9.9MM$9.6MM
LoansQ3 2018vs Q3 2017$6.4MM$6.1MM
DepositsQ3 2018vs Q3 2017$8.9MM$8.7MM
Equity CapitalQ3 2018vs Q3 2017$822.00K$766.00K
Loan Loss AllowanceQ3 2018vs Q3 2017$25.00K$39.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$135.00K$70.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Mohawk Progressive Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Money Market Account

Mohawk Progressive Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$1k-36 Month CD
1.26%$1k-24 Month CD
0.75%$1k-12 Month CD
0.60%$1k-6 Month CD
0.00%$1k-18 Month CD Special

Mohawk Progressive Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$1k-36 Month IRA
1.26%$1k-24 Month IRA
0.75%$1k-12 Month IRA
Locations


Mohawk Progressive Federal Credit Union Locations
Branch Office1760 State StSchenectady, NY 12304-1956

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