Mohawk Valley Federal Credit Union
LOCATIONS
2
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HEALTH RATING
B
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CURRENT TOP RATE
1.10% APY
36 Month CD
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 1-year CD | 12 Month CD 1.80% - Ally Bank No Penalty 11-Month CD |
| 0.20% | Savings | Shares Account 1.65% - Barclays Online Savings Account |
| 1.10% | 3-year CD | 36 Month CD 2.55% - Barclays 36 Month Online CD |
Overview / Commentary
Mohawk Valley Federal Credit Union is headquartered in Marcy and is the 138th largest credit union in the state of New York. It is also the 2,677th largest credit union in the nation. It was established in 1971 and as of March of 2018, it had grown to 7 employees and 3,179 members at 2 locations. Mohawk Valley Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees or retirees of Herkimer County or employees of New York State.
See current membership details
Health
B
Data as of Q1 2018
Learn why bank health mattersAdditional 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 Valley Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20823 |
| Year Chartered | 1971 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 5.38% |
| Annual Interest Income | $288.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $36.6MM$35.6MM |
| Loans | Q1 2018vs Q1 2017 | $18.8MM$17.1MM |
| Deposits | Q1 2018vs Q1 2017 | $31.9MM$31.2MM |
| Equity Capital | Q1 2018vs Q1 2017 | $4.5MM$4.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $124.00K$70.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $517.00K$987.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $165.00K$45.00K |
Rates
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Mohawk Valley Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $500 | - | IRA Savings | |
| 0.20% | $100 | - | Shares Account | |
| 0.05% | - | - | Christmas Club Account |
Mohawk Valley Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $2,500 | - | Money Market Account |
Mohawk Valley Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.03% | - | - | Share Draft |
Mohawk Valley Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $10k | - | 36 Month CD | |
| 0.75% | $10k | - | 24-30 Month CD | |
| 0.60% | $10k | - | 18 Month CD | |
| 0.50% | $5k | - | 12 Month CD | |
| 0.40% | $1k | - | 6 Month CD |
Mohawk Valley Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | $10k | - | 36 Month IRA | |
| 0.75% | $10k | - | 24-30 Month IRA | |
| 0.60% | $10k | - | 18 Month IRA |
Locations
| Mohawk Valley Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 207 Genesee St | Utica, NY 13501 |
| Branch Office | 9212 River Rd | Marcy, NY 13403 |