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Rochester and Monroe County Employees Federal Credit


Overview / Commentary
www.rocmon.org
585-546-4279
460 N Goodman St
Rochester, NY 14609

Rochester and Monroe County Employees Federal Credit is headquartered in Rochester and is the 166th largest credit union in the state of New York. It is also the 3,079th largest credit union in the nation. It was established in 1935 and as of June of 2023, it had grown to 6 employees and 3,257 members at 2 locations. Rochester and Monroe County Employees Federal Credit's CD rates are 94% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Rochester and Monroe County Employees Federal Credit offers membership to anyone who lives, works, or worships in the City of Rochester. All employees of the City of Rochester, the County of Monroe, and some towns and villages within the county also qualify for membership.
See current membership details

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Health
C+

Data as of Q2 2023

Learn why bank health matters
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. Rochester and Monroe County Employees Federal Credit has a low asset base.

Health Grade Components

Overall
NCUA #817
Year Chartered1935
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD3.87%
Annual Interest Income$513.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$27.0MM$28.3MM
LoansQ2 2023vs Q2 2022$20.6MM$20.2MM
DepositsQ2 2023vs Q2 2022$24.0MM$25.1MM
Equity CapitalQ2 2023vs Q2 2022$3.0MM$3.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$78.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$270.00K$258.00K
Real Estate OwnedQ2 2023vs Q2 2022$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.

Rochester and Monroe County Employees Federal Credit Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Individual Retirement Account
0.05%--Regular Share Savings

Rochester and Monroe County Employees Federal Credit Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Money Market Account
OTHER TIERS: 0.05% → Up to $2.5k | 0.30% → $2.5k - $10k | 0.45% → $10k - $25k | 0.55% → $25k - $50k

Rochester and Monroe County Employees Federal Credit CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.57%$500-11 Month CD Special - New Money
2.78%$500-60 Month Share Certificate
2.52%$500-48 Month Certificate
2.27%$500-36 Month Share Certificate
2.01%$500-24 Month Share Certificate
1.75%$500-1 Share Certificate
1.75%$500-15 Month Share Certificate
1.51%$500-6 Month Share Certificate
1.51%$500-9 Share Certificate
1.15%$500-91 Day Share Certificate
Locations


Rochester and Monroe County Employees Federal Credit Locations
Branch Office40 N Fitzhugh StRochester, NY 14614-1211
Branch Office460 N Goodman StRochester, NY 14609-6135

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