Featured Savings Rates
Featured Accounts

School Systems Federal Credit Union

Popular Accounts at this Credit Union

1.71%5-year CD60 Month Share Certificate
0.65%1-year CD12 Month Share Certificate
0.10%SavingsRegular Savings Account

Overview / Commentary
150 Defreest Dr
Troy, NY 12180

School Systems Federal Credit Union is headquartered in Troy and is the 84th largest credit union in the state of New York. It is also the 1,762nd largest credit union in the nation. It was established in 1954 and as of March of 2017, it had grown to 13 employees and 5,588 members at 2 locations. School Systems Federal Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Averill Park School District, East Greenbush Central School District, Latham Christian Academy, Berlin School District Menands Union-Free School, Albany College of Pharmacy, Siena College, and other select organizations.
See current membership details


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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. School Systems Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #9486
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD2.35%
Annual Interest Income$454.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$86.1MM$80.1MM
LoansQ1 2017vs Q1 2016$31.4MM$31.2MM
DepositsQ1 2017vs Q1 2016$79.7MM$74.0MM
Equity CapitalQ1 2017vs Q1 2016$6.3MM$6.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$26.00K$41.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$522.00K$413.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

School Systems Federal Credit Union Savings Account Rates

0.50%*$50k*-Traditional Individual Retirement Account
OTHER TIERS: 0.15% Up to $2,500 | 0.20% $2,500 - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k
0.15%--Education Individual Retirement Share Account
0.10%--Regular Savings Account
0.10%--Summer Share Account
0.10%--Vacation Share Account
0.10%--Holiday Club Account

School Systems Federal Credit Union Money Market Rates

0.55%*$150k*-Money Market Account
OTHER TIERS: 0.20% $2k - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.50% $50k - $150k

School Systems Federal Credit Union CD Rates

1.71%$500-60 Month Share Certificate
1.66%$500-48 Month Share Certificate
1.40%$500-36 Month Share Certificate
1.15%$500-30 Month Share Certificate
1.05%$500-24 Month Share Certificate
1.00%$500-18 Month Share Certificate
0.80%$500-15 Month Share Certificate Special
0.65%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate
0.35%$500-3 Month Share Certificate

School Systems Federal Credit Union Locations
Branch Office325 Washington Avenue ExtAlbany, NY 12205-5581
Branch Office150 Defreest DrTroy, NY 12180