Overview / Commentary
39 Central Plz
Ilion, NY 13357

Remington Federal Credit Union is headquartered in Ilion and is the 132nd largest credit union in the state of New York. It is also the 2,570th largest credit union in the nation. It was established in 1937 and as of June of 2018, it had grown to 8 employees and 4,448 members at 1 location. Remington Federal Credit Union's CD rates are 94% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of the Remington Arms Company who work in Ilion, New York or be an employee or member of several other select groups and companies.
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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. Remington Federal Credit Union has a low asset base.

Health Grade Components

NCUA #2008
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD5.76%
Annual Interest Income$762.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$40.3MM$40.6MM
LoansQ2 2018vs Q2 2017$20.4MM$17.6MM
DepositsQ2 2018vs Q2 2017$34.4MM$35.1MM
Equity CapitalQ2 2018vs Q2 2017$5.7MM$5.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$250.00K$182.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$221.00K$92.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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Remington Federal Credit Union Savings Account Rates

0.35%$100-Regular Shares
0.30%$5-IRA Account
0.30%$5-Kids Shares
0.30%--Club Shares

Remington Federal Credit Union Money Market Rates

0.30%$2.5k-Money Market

Remington Federal Credit Union CD Rates

2.25%$1k-36 Month CD
2.00%$1k-24 Month CD
1.75%$1k-12 Month CD
1.00%$1k-6 Month CD

Remington Federal Credit Union IRA Rates

2.25%$1k-36 Month IRA
2.00%$1k-24 Month IRA
1.75%$1k-12 Month IRA
1.00%$1k-6 Month IRA

Remington Federal Credit Union Locations
Branch Office39 Central PlzIlion, NY 13357

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