Norwich Telops Federal Credit Union
Overview / Commentary
Norwich Telops Federal Credit Union is headquartered in Norwich and is the 253rd largest credit union in the state of New York. It is also the 4,423rd largest credit union in the nation. It was established in 1968 and as of June of 2017, it had grown to 3 employees and 1,309 members at 1 location. Norwich Telops Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees of Verizon in Maine, Vermont, New Hampshire, Virginia, Pennsylvania, and Georgia; and Frontier, a Citizens Communication Company.
See current membership details
Health
B
Data as of Q2 2017
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. Norwich Telops Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 18620 |
| Year Chartered | 1968 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 2.79% |
| Annual Interest Income | $153.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $8.0MM$7.3MM |
| Loans | Q2 2017vs Q2 2016 | $4.9MM$4.4MM |
| Deposits | Q2 2017vs Q2 2016 | $7.1MM$6.4MM |
| Equity Capital | Q2 2017vs Q2 2016 | $859.00K$843.00K |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $23.00K$41.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $16.00K$3.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
Rates
Sorry, we do not have rate data for Norwich Telops Federal Credit Union.
Locations
| Norwich Telops Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 11 E Park Pl | Norwich, NY 13815-1434 |