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 108th largest credit union in the state of New York. It is also the 2,185th largest credit union in the nation. It was established in 1962 and as of September of 2024, it had grown to 7 employees and 3,381 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
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD2.95%
Annual Interest Income$2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$66.5MM$62.5MM
LoansQ3 2024vs Q3 2023$30.2MM$29MM
DepositsQ3 2024vs Q3 2023$58.7MM$54.8MM
Equity CapitalQ3 2024vs Q3 2023$7.7MM$7.5MM
Loan Loss AllowanceQ3 2024vs Q3 2023$208K$280K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$271K$114K
Real Estate OwnedQ3 2024vs Q3 2023$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
0.30%$500-IRA Share Account
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
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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