Ontario Shores Federal Credit Union
LOCATIONS
2
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HEALTH RATING
A
View health report
CURRENT TOP RATE
1.45% APY
48 Month CD
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 0.85% | 1-year CD | |
| 0.15% | Savings | 2.20% - Barclays Online Savings Account |
| 1.45% | 4-year CD | 2.80% - Discover Bank 4 Year CD |
Overview / Commentary
Ontario Shores Federal Credit Union is headquartered in Newfane and is the 77th largest credit union in the state of New York. It is also the 1,671st largest credit union in the nation. It was established in 1961 and as of December of 2018, it had grown to 12 employees and 7,015 members at 2 locations. Ontario Shores Federal Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.
Health
A
Data as of Q4 2018
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. Ontario Shores Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 14462 |
| Year Chartered | 1961 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.3% |
| Return on Equity - YTD | 14% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $93.7MM$88.5MM |
| Loans | Q4 2018vs Q4 2017 | $46.1MM$43.8MM |
| Deposits | Q4 2018vs Q4 2017 | $84.5MM$80.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $8.7MM$7.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $229.00K$212.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $116.00K$113.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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.
Ontario Shores Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $5 | - | IRA Share | |
| 0.15% | - | - | Savings Account |
Ontario Shores Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.70%* | $25k* | - | Money Market Shares | ||
| OTHER TIERS: 0.60% → $2.5k - $10k | 0.65% → $10k - $25k | |||||
Ontario Shores Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Checking Account |
Ontario Shores Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $1k | - | 48 Month CD | |
| 1.25% | $1k | - | 36 Month CD | |
| 1.10% | $1k | - | 24 Month CD | |
| 0.85% | $1k | - | 12 Month CD | |
| 0.65% | $1k | - | 6 Month CD |
Ontario Shores Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.45% | $1k | - | 48 Month IRA | |
| 1.25% | $1k | - | 36 Month IRA | |
| 1.10% | $1k | - | 24 Month IRA | |
| 0.85% | $1k | - | 12 Month IRA | |
| 0.65% | $1k | - | 6 Month IRA |
Locations
| Ontario Shores Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2890 Transit Rd | Newfane, NY 14108-9740 |
| Branch Office | 4200 Salt Works Rd | Medina, NY 14103-9579 |