Featured Savings Rates
Featured Accounts

Morton Lane Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD1 Year CD
0.50%SavingsPrimary Share Account
1.00%3-year CD3 Year CD

Overview / Commentary
716-837-2007
388 Englewood Ave
Buffalo, NY 14223-2812

Morton Lane Federal Credit Union is headquartered in Buffalo and is the 123rd 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 1962 and as of June of 2016, it had grown to 8 employees and 4,448 members at 5 locations. Morton Lane Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and students of Buffalo State or University of Buffalo, employees of Roswell Park Cancer Institute, and other select organizations.
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Health
B+
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. Morton Lane Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #15021
Year Chartered1962
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD6.17%
Annual Interest Income$682.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$43.2MM$40.5MM
LoansQ2 2016vs Q2 2015$19.6MM$19.1MM
DepositsQ2 2016vs Q2 2015$37.4MM$35.0MM
Equity CapitalQ2 2016vs Q2 2015$5.8MM$5.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$87.00K$100.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$31.00K$67.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Morton Lane Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Primary Share Account
OTHER TIERS: 0.05% $500 - $2k | 0.10% $2k - $5k | 0.20% $5k - $20k | 0.40% $20k - $50k | 0.45% $50k - $100k
0.40%$500-IRA Share Account
0.10%$500-Holiday Club Account

Morton Lane Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Share Draft Account

Morton Lane Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-3 Year CD
0.50%$1k-1 Year CD
Locations


Morton Lane Federal Credit Union Locations
Branch Office388 Englewood AveBuffalo, NY 14223-2812
Branch Office1300 ELMWOOD AVE CLASSROOM BUILDING A105BUFFALO, NY 14222-1004
Branch Office666 Elm and Carlton St PARKING RAMP - STREET LEVELBuffalo, NY 14263-0001
Branch OfficeN CAMPUS CROFTS HALL ROM 326AMHERST, NY 14260
Branch Office388 ENGLEWOOD AVEBUFFALO, NY 14223-2812