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 2,436th largest credit union in the nation. It was established in 1976 and as of June of 2024, it had grown to 8 employees and 3,468 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 the New York counties of Cayuga, Madison, Onondaga, or Oswego. Businesses and other legal entities within these counties are also eligible for membership.
See current membership details
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Health
B
Data as of Q2 2024
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 | -0.13% |
| Return on Equity - YTD | -1.72% |
| Annual Interest Income | $844K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $51.4MM$50.5MM |
| Loans | Q2 2024vs Q2 2023 | $23.9MM$25.8MM |
| Deposits | Q2 2024vs Q2 2023 | $47.2MM$47.4MM |
| Equity Capital | Q2 2024vs Q2 2023 | $3.9MM$2.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $179K$181K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $266K$60K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |