Morton Lane Federal Credit Union


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

Morton Lane Federal Credit Union is headquartered in Buffalo and is the 111th largest credit union in the state of New York. It is also the 2,208th largest credit union in the nation. It was established in 1962 and as of March of 2025, it had grown to 6 employees and 3,213 members at 4 locations. Morton Lane Federal Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Morton Lane Federal Credit Union is open to members or employees/retirees of the following: Buffalo State, University at Buffalo, Roswell Park Cancer Institute, Morton Lane Charitable Foundation, Alumni Association at UB or Buffalo State, Research Institute on Alcoholism, Buffalo State College Foundation, Roswell Park Day Care, Buffalo State Child Care Center, Hauptman-Woodward Medical Institute, Roswell Park Alliance Foundation, and Temple Beth Tzedek. Graduate and Undergraduate students of UB or Buffalo State College, St. Joseph Collegiate Institute Faculty, Staff and Students, and Immediate family of any of the above are also eligible for membership.
See current membership details

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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 relatively low asset base.

Health Grade Components

Overall
NCUA #15021
Year Chartered1962
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.58%
Annual Interest Income$699K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$65.3MM$64.2MM
LoansQ1 2025vs Q1 2024$29.6MM$29.6MM
DepositsQ1 2025vs Q1 2024$57.4MM$56.5MM
Equity CapitalQ1 2025vs Q1 2024$7.8MM$7.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$183K$208K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$253K$186K
Real Estate OwnedQ1 2025vs Q1 2024$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: 0.01% $500 - $5k | 0.05% $5k - $20k | 0.30% $20k - $50k | 0.45% $50k - $100k
0.05%$500-Holiday Club Account

Morton Lane Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$500-Share Draft Account

Morton Lane Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$50k-3-1/2 Year Jumbo CD
4.06%$50k-4-1/2 Year Jumbo CD
3.80%$1k$50k3 Year CD
3.80%$1k$50k5 Year CD
3.80%$50k-1-1/4 Year Jumbo CD
3.80%$50k-1-1/2 Year Jumbo CD
3.80%$50k-2-1/2 Year Jumbo CD
3.03%$1k$50k1 Year CD

Morton Lane Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-IRA Share Account
Locations


Morton Lane Federal Credit Union Locations
Branch Office388 Englewood AveBuffalo, NY 14223-2812
Branch Office1300 ELMWOOD AVE GROVER CLEVELAND HALL -GC103BUFFALO, NY 14222-1004
Branch Office388 ENGLEWOOD AVEBUFFALO, NY 14223-2812
Branch OfficeElm and Carlton St PARKING RAMP - STREET LEVELBuffalo, NY 14263-0001

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