Overview / Commentary
Money Federal Credit Union is headquartered in Syracuse and is the 125th largest credit union in the state of New York. It is also the 2,476th largest credit union in the nation. It was established in 1976 and as of June of 2021, it had grown to 8 employees and 4,017 members at 1 location. Money Federal Credit Union has an A health rating.
Field of Membership Restrictions
To be eligible for membership at Money Federal Credit Union, individuals must live, work, or attend school in Cayuga, Madison, Onondaga, or Oswego Counties, New York. Businesses and other legal entities within these counties are also eligible for membership.
See current membership details
Health
A
Data as of Q2 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. Money Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 22566 |
| Year Chartered | 1976 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 3.8% |
| Annual Interest Income | $648.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $52.1MM$49.5MM |
| Loans | Q2 2021vs Q2 2020 | $22.9MM$25.5MM |
| Deposits | Q2 2021vs Q2 2020 | $45.7MM$42.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.2MM$6.4MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $146.00K$106.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $225.00K$310.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |