Overview / Commentary
315-793-2214
9212 River Rd
Marcy, NY 13403

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 2,669th largest credit union in the nation. It was established in 1971 and as of June of 2018, it had grown to 8 employees and 3,182 members at 2 locations. Mohawk Valley Federal Credit Union's CD rates are 40% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Mohawk Valley Federal Credit Union membership is open to employees or retirees (and their families) of Herkimer County, the Town of Marcy, or the State of New York. Employees and their family of Inserra's Flooring are also eliglble for membership.
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 Valley Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #20823
Year Chartered1971
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD4.59%
Annual Interest Income$584.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$36.5MM$35.8MM
LoansQ2 2018vs Q2 2017$19.3MM$18.0MM
DepositsQ2 2018vs Q2 2017$31.8MM$31.3MM
Equity CapitalQ2 2018vs Q2 2017$4.6MM$4.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$140.00K$74.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$602.00K$1.0MM
Real Estate OwnedQ2 2018vs Q2 2017$165.00K$45.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mohawk Valley Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mohawk Valley Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$500-IRA Savings
0.20%$100-Shares Account
0.05%--Club Account

Mohawk Valley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$25k*-Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k

Mohawk Valley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Share Draft

Mohawk Valley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$10k-36 Month CD
1.76%$10k-24-30 Month CD
1.36%$10k-18 Month CD
1.26%$5k-12 Month CD
0.90%$1k-6 Month CD

Mohawk Valley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$10k-36 Month IRA
1.76%$10k-24-30 Month IRA
1.36%$10k-18 Month IRA
1.26%$1k-12 Month IRA
0.90%$1k-6 Month IRA
Locations


Mohawk Valley Federal Credit Union Locations
Branch Office207 Genesee StUtica, NY 13501
Branch Office9212 River RdMarcy, NY 13403

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