Mohawk Valley Federal Credit Union
Overview / Commentary
Mohawk Valley Federal Credit Union is headquartered in Marcy and is the 126th largest credit union in the state of New York. It is also the 2,381st largest credit union in the nation. It was established in 1971 and as of March of 2025, it had grown to 10 employees and 3,282 members at 2 locations. Mohawk Valley Federal Credit Union has an A health rating.
Field of Membership Restrictions
Mohawk Valley Federal Credit Union is open to New York State, Herkimer County, and Town of Marcy employees and retirees, and their family members.
See current membership details
Health
A
Data as of Q1 2025
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 relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20823 |
| Year Chartered | 1971 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 7.1% |
| Annual Interest Income | $557K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $53.7MM$48.2MM |
| Loans | Q1 2025vs Q1 2024 | $25.4MM$26.7MM |
| Deposits | Q1 2025vs Q1 2024 | $46.7MM$41.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7MM$6.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $70K$68K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $181K$263K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $85K$0 |