Overview / Commentary
Money Federal Credit Union is headquartered in Syracuse and is the 127th largest credit union in the state of New York. It is also the 2,510th largest credit union in the nation. It was established in 1976 and as of September of 2022, it had grown to 7 employees and 3,802 members at 1 location. Money Federal Credit Union has a B 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
B
Data as of Q3 2022
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 | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 13.41% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $50.8MM$53.0MM |
| Loans | Q3 2022vs Q3 2021 | $25.9MM$23.8MM |
| Deposits | Q3 2022vs Q3 2021 | $47.6MM$46.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $2.9MM$6.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $180.00K$166.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $94.00K$201.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |