Overview / Commentary
Mohawk Valley Federal Credit Union is headquartered in Marcy and is the 131st largest credit union in the state of New York. It is also the 2,605th largest credit union in the nation. It was established in 1971 and as of March of 2021, it had grown to 10 employees and 3,257 members at 2 locations. Mohawk Valley Federal Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Mohawk Valley Federal Credit Union is open to current and retired New York State employees in the Mohawk Valley, Herkimer County, Town of Marcy, and Inserra's Flooring. Family members may also join.
See current membership details
Health
B+
Data as of Q1 2021
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 | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 7.58% |
| Annual Interest Income | $341.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $45.9MM$38.2MM |
| Loans | Q1 2021vs Q1 2020 | $21.1MM$21.3MM |
| Deposits | Q1 2021vs Q1 2020 | $40.3MM$33.1MM |
| Equity Capital | Q1 2021vs Q1 2020 | $5.3MM$4.9MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $97.00K$111.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $254.00K$264.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |