Rochester and Monroe County Employees Federal Credit
Rochester and Monroe County Employees Federal Credit is headquartered in Rochester and is the 134th largest credit union in the state of New York. It is also the 2,553rd largest credit union in the nation. It was established in 1935 and as of December of 2024, it had grown to 9 employees and 4,571 members at 2 locations. Rochester and Monroe County Employees Federal Credit's CD rates are 96% 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
Outrageous Employee Conduct
The conduct and decision making of the employees of the Goodman street branch, are , for the lack of a better word , outrageous.
My elderly mother used Bill Pay to schedule a payment for a new roof on her house using her Heloc, which she has had open for many years.
Seemingly on a whim, an employee decided she was no longer going to honor the loan agreement and threatened to close the account without making the payment she had scheduled.
When I spoke to CEO ANDREA THUNE, , on behalf of my mother concerning this matter, she also, at the urging of this same employee, threatened to close the account without making the payment, although she could offerr no credible reason for doing this. They also then just randomly disabled her online account, again without warning or reason.
This has left my 80 year old mother extremely upset and alarmed her credit will be ruined. The rudeness of these two employees when speaking to both of us was, as I previously saI'd, outrageous.
I would strongly warn any person considering opening an account there not to do so.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 817 |
| Year Chartered | 1935 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 3.64% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $42.9MM$26MM |
| Loans | Q4 2024vs Q4 2023 | $28.6MM$21.1MM |
| Deposits | Q4 2024vs Q4 2023 | $38MM$22.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $4.9MM$2.9MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $288K$256K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $792K$140K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |